12 Olmar Place, Kelmscott WA 6111

Owner-occupied street | 1976 build with as-is condition | zone allows future potential | rental cover possible The 1976 age and as-is sale mean a buyer must budget for structural checks and likely updates, priced into the current range. The R15/25 zoning on a 778sqm lot opens a path to a future subdivision or dual-occupancy, but immediate holding costs depend on securing a tenant at the $550-675/week estimate. This house suits a buyer who can hold it as a rental for income while the land value appreciates, or an owner-occupier willing to renovate gradually to lift equity. What makes this property competitively rare is the large lot in a stable, long-owner street with good schools nearby—a combination that supports both resale and rental demand. The split-system aircon, carport and garage, and cleared yard reduce immediate move-in friction, making it viable for a first home buyer or investor seeking entry into a solid corridor. The strongest case is the land: a buyer here owns time and zone flexibility, not just a dated house. To confirm if the numbers work for your strategy, run your borrowing capacity against the rental cover and budget for a pre-purchase building inspection.