22 Marita Road, Nedlands WA 6009

Extended character home | 923m² elevated site | South of highway | 5 bed flexible layout | In-ground pool This property presents a competitively strong offering within the Nedlands market, defined by its substantial and rare 923m² parcel in an elevated position south of the highway, a configuration increasingly uncommon. The extended two-storey character home with five bedrooms and multiple living zones serves a growing or multi-generational family seeking space, privacy, and established neighbourhood character, with the in-ground pool and outdoor areas reinforcing a premium lifestyle position. Its R12.5 zoning offers latent potential, though not a current feature. Decision hinges on the cost of refurbishment against the premium for land security. The 1960-built structure requires capital allocation for modernisation, a direct risk to holding costs, while the lack of overlays simplifies future works. The sub-3% gross rental yield confirms this as a capital growth hold, not an income play. Acquire for long-term occupation with a view to incremental enhancement, leveraging its irreplaceable land component within a tightly held precinct. No specific comparable sales data for the immediate vicinity was provided in the sources, which limits precise benchmarking. To establish credible value, a buyer must investigate recent sales of similar-sized lots and character homes south of the highway, as this property’s value is fundamentally anchored by its land size and location rather than its built form alone.