12 Shere Street, Kenwick WA 6107

1970s renovator | R30 zoned 688sqm block | 3 bed 1 bath house | development or improvement upside This is a straightforward 1970s house on a generous 688 square metre block in an established part of Kenwick. The R30 zoning is the strongest competitive feature here, as it signals potential for future density or subdivision, subject to council approval. The house itself is dated and marketed for renovation or rebuild, so the real value sits in the land and zoning rather than the existing dwelling. This property suits a buyer looking to add value through renovation or to hold for longer-term development, rather than someone wanting a move-in ready home. The condition of the house is the primary factor that will shape the sale price, as it is being sold on an as-is basis and will require substantial work. The single bathroom and single car space are modest by current standards, which may limit appeal to owner-occupiers without upgrades. The rental yield is reasonable for the suburb but depends on improving the property’s presentation. Buyers should weigh the cost of renovation against the potential uplift in value, and factor in holding costs if planning a longer-term development strategy.