12 Oleander Street, Maddington WA 6109

4 beds, 1 bath on 683sqm | 95% owner-occupied street | 6.22% annual growth on nearby sale | No recent street sales This property offers a rare configuration on a full-size block in a deeply owner-occupied street, which suppresses turnover and supports price stability. The 4-bed, 1-bath layout is a functional fit for families or investors seeking a long-hold land play, given the 683sqm lot and the absence of recent street comparables that would cap upside. The 6.22% annual growth on a nearby sale signals underlying demand, and the patio approval adds immediate utility without overcapitalising. It best serves buyers who prioritise land content and street quality over cosmetic finish. The single bathroom is a structural limitation for families and will narrow the buyer pool at resale. The 1998 last sale date means no recent price evidence, so valuation relies on suburb medians and the one nearby transaction. The 28% rental ratio in Maddington indicates softer tenant demand, but the street’s 95% owner-occupancy mitigates that risk. The opportunity lies in holding for land appreciation, not flipping. Use this property as a long-term hold with a modest renovation to add a second bathroom, then either occupy or rent to a stable family tenant.