8 Florence Road, Nedlands WA 6009
8 Florence Road, Nedlands WA 6009
Vacant 1,012 sqm block | DA approved | premium Nedlands dress-circle street | custom-build opportunity | large family landholding
This is a rare landholding on one of Nedlands’ most established residential streets, where the block size alone sets it apart from much of the surrounding stock. At just over 1,000 square metres, the site offers the kind of generous proportions that suit a substantial family home, a custom design, or a considered redevelopment. The approved development application removes a significant layer of uncertainty for a buyer, meaning the path from purchase to construction is clearer than it would be on most vacant sites. The street itself is part of a premium pocket, characterised by large detached houses, mature gardens, and a quiet, established feel. This property will most likely appeal to a buyer looking to build their long-term family home in a sought-after school catchment, or to a purchaser who values the security of a large block in a tightly held suburb.
The value here will be shaped by what is built, and how quickly. The approved DA gives a head start, but the final outcome depends on the design quality and how well the new house responds to the street and the surrounding character. The size of the block supports a generous floor plan, but the absence of an existing dwelling means the buyer carries the full cost and timeline of construction. The premium nature of the street suggests strong demand, though that same positioning may also mean the land price already reflects much of the potential. Buyers should weigh the cost of building against the finished value of comparable new homes in the area, and consider whether the approved plans match their own vision or would require changes.
|| Comparable Sales: 86 Florence Road sold at $3.95M for a 5-bed character home on 1,012 sqm; 51 Florence Road, a 4-bed house on the same block size, reflects similar land value | Property Price Band: $1.6M–$1.7M | Value Drivers: land size, approved DA, street position
Detailed Independent Property Report prepared by PropCred Analyst team for 8 Florence Road, Nedlands WA 6009
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Nedlands is an affluent riverside suburb in Perth, with house values at $2.705 million after 14.6% annual growth and units at $1.2 million after a 46.3% surge. Demand is driven by high-income professionals drawn to university and hospital precincts and strong school catchments, while tight supply—69 houses and 29 units—keeps days on market at 15 for houses and vacancy at 0.58%. Annual sales volume of around 134 houses underscores liquidity. Growth drivers include transport links and institutional proximity, but affordability constraints and interest-rate sensitivity temper upside, with gross house yields at 2.6%.
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PropCred Estimated Value
Comparable Sales: 86 Florence Road sold at $3.95M for a 5-bed character home on 1,012 sqm; 51 Florence Road, a 4-bed house on the same block size, reflects similar land value | Property Price Band: $1.6M–$1.7M | Value Drivers: land size, approved DA, street position
Bedrooms
4
Bathroom
3
Parking
2
Land
279m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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