101A Raleigh Street, Carlisle WA 6101

2-bedroom duplex on 1093sqm | R40 zoning potential | 80% owner-occupied street | 16 recent sales on Raleigh | built 1951 with aircon and robes The property’s primary competitive strength is its 1093sqm lot in a street where 80% of residents are long-term owners, not renters—this signals stable neighbourhood demand and limited turnover. The 1951 duplex configuration, while modest in bedrooms, sits on land that offers reconfiguration optionality, which is rare for a 2-bedroom entry point in Carlisle. For a buyer seeking a hold-and-improve strategy or a future subdivision play, the combination of no heritage overlays, FTTP connectivity, and a fully fenced site reduces immediate capital outlay risk. This property best suits an investor or owner-occupier who values land content over finished presentation and can tolerate a period of cosmetic updating. The principal risk is that the 2-bedroom, 1-bathroom layout is undersized for the current $929k asking relative to recent comparables—105 Raleigh Street sold at $870k with 3 bedrooms, and 11 Raleigh Street moved at $817k with the same configuration. The buyer is effectively paying a premium for land optionality, not livable space, which compresses rental yield to approximately 3.6% at $640pw. However, the 25% annual growth on 161C Raleigh over four years suggests the street has momentum, and the 20% rental proportion indicates low vacancy pressure. The commercial logic is to hold for land appreciation and consider a future duplex or triplex development once zoning permits. Use this property as a land bank with immediate rental income, not as a finished home.