162 Raleigh Street, Carlisle WA 6101

Renovated character home | R30 duplex zoning potential | 842m² large lot | 4 car spaces This property presents a compelling proposition due to its combination of a renovated, move-in ready character home on a significantly larger than typical lot with clear subdivision potential. The R30 zoning, rear access scope, and four car spaces provide immediate utility and a tangible development pathway, making it suitable for an owner-occupier seeking space and future optionality, or an investor targeting land banking with current rental income. The primary risk is the capital outlay required to realise the duplex potential, which is not reflected in its current improved value. The opportunity cost lies in holding a single dwelling on a dual lot while awaiting development approvals or market shifts. Proceed with an offer strategy anchored to its current use value, but secure it with the explicit intent to exploit the zoning, either through near-term development or as a strategic long-term hold. Recent sales on Raleigh Street demonstrate strong growth for held properties, though configuration heavily influences price. * 11 Raleigh St (2/1/2): $817k, 12.06% annual growth over 3 years. * 161C (4/2/2): $805k, 25.37% annual growth over 4 years. * 158A (3/1/2): $727k, 19.65% growth over 1 year. * 105 (3/2/-): $870k, -3.34% growth over 2 years. This sales history validates the street’s performance and suggests this larger, uniquely configured property with subdivision rights commands a premium above these benchmarks.