116 Anzac Terrace, Bassendean WA 6054

3 bed house | 809m² block | R20/40 zoning | Bassendean The buying case here is grounded in the block, not the house. An 809m² parcel with R20/40 zoning in a mature suburb like Bassendean is becoming scarce, and that zoning gives a buyer genuine optionality. The existing three-bedroom home is described as comfortable and solid, meaning it can be held and rented while longer-term plans are considered. This property is best suited to a buyer who values land content and is prepared to look past a dated interior, with the school catchment and high owner-occupier ratio on the street adding to its appeal for a family hold. The primary risk is that the house itself offers limited contemporary amenity with only one bathroom, which will constrain rental return and appeal to owner-occupiers without renovation. The auction process means price discovery is uncertain, and buyers should factor in holding costs and potential council delays if pursuing subdivision or redevelopment. The opportunity is in the land’s flexibility—hold, renovate, or develop depending on market timing. This property should be acquired for its land, not its finishes, and treated as a medium-term position in a tightening land market.