55 Challis Road, Armadale WA 6112

Corner block | subdivision potential | near reserve & school | as-is condition This property presents a clear development opportunity on a large corner block in a convenient pocket of Armadale. Its R15/R25 zoning and 711sqm land size with side access create tangible potential for a side-by-side or battle-axe subdivision, subject to council approval. The house itself is a basic 1974-built 4×1, functionally obsolete but offering immediate rental income or holding occupancy while plans are formulated. It serves developers and land bankers most directly, with a secondary appeal to investors seeking land banking with income. The primary cost is the ‘as-is’ condition, requiring due diligence on renovation or demolition costs, while the seven-year vacancy gap signals potential maintenance liabilities. The commercial logic is acquiring below-estimated-value land with a depreciated house; the judgment is to treat the dwelling as a temporary yield vehicle and the land as the appreciating asset. Proceed with a subdivision feasibility study as a condition of any offer. Recent nearby sales provide essential context for the listed price. 5 Claunelle Road and 8 Barge Court, both sold recently, establish a benchmark for standard housing stock in the immediate area. The subject property’s value proposition diverges here; its premium is not in the dwelling but in its larger, configurable land parcel. The $700,000 asking price must be assessed against the end value of two new lots, not against these comparable single-house sales.