50 Ward Cres, Kelmscott WA 6111

Large 911m² R25/60 lot | Original 1977 home well-maintained | Bore & powered workshop | Strong rental precinct | No hazard overlays This property presents a strong land banking opportunity with immediate income utility. Its competitively rare 911m² lot in a densifying R25/60 zone offers future subdivision potential, while the current dwelling, though modest in size and single bathroom, is in excellent original condition and delivers reliable rental yield. The substantial powered workshop and bore reticulation significantly enhance its utility for trades, families, or investors, positioning it uniquely against typical smaller-lot stock. It serves the strategic investor or owner-occupier seeking land content and functional space over modern finishes. The primary decision hinges on valuing the land component against the cost to upgrade or redevelop the older dwelling. The configuration carries risk of functional obsolescence for mainstream tenants due to the single bathroom, potentially capping rental growth and resale appeal to families. However, the commercial logic is clear: acquire at a price reflective of the existing house, not the future land value. Hold for land appreciation while collecting rent to offset holding costs, or plan a phased upgrade to unlock the dual-income potential of the zoning. Recent nearby rentals indicate robust demand, with comparable 3-bedroom homes in Ward Crescent achieving $650 to $725 per week. This supports the estimated $620 weekly rental for this property and suggests the area commands a premium for well-presented homes, underscoring the income reliability for an investor.