1 Worthington Road, Booragoon WA 6154

R40 zoning on a corner block | dual frontage flexibility | rental return offsets holding costs | no major overlay risks confirmed The property’s primary risk is the R40 zoning itself, which creates a significant cost if channelled into a poorly timed development. The 791m² corner block offers dual frontage for design flexibility, but redevelopment approvals will cost the buyer both time and carry costs currently offset by the dwelling’s estimated $800-$825 weekly rental income. This combination makes the property a defensible land-banking position for a builder or an investor with a 2-4 year horizon. The absence of flood, bushfire, or heritage overlays removes common delays, but the buyer must still budget for subdivision feasibility studies and contingency funds. For a developer, this works as a staged entry. For a home buyer, the house itself is a secondary consideration. What makes this competitively strong is the combination of corner positioning with R40 density, dual school catchment zones, and proximity to Westfield Booragoon and major reserves. This combination is rare enough to command a premium over standard Booragoon houses in the $1.05 million median band. The existing 237m² building volume and NBN FTTP access support immediate occupancy, which strengthens a buyer’s negotiating position by removing vacancy risk. This property serves best an experienced developer seeking a phased project, or a buyer willing to hold for capital appreciation while the rental yield covers interest. The rational next step is to commission a geotechnical site assessment and a preliminary development yield calculation, then test both against the agent’s asking range before submitting a conditional offer tied to approval timelines. The buyer who acts on these due diligence steps will negotiate from a position of measurable advantage.