13 Salway Place, Spearwood WA 6163

R40 zoning | 724sqm block | subdivision potential | original 3×1 house | Spearwood The property’s competitive advantage is its R40 zoning on a 724sqm block, a configuration that is uncommon in this corridor and enables subdivision or future development. The existing house contributes little value, so the land is the primary driver. It best serves buyers with a development focus, such as investors or builders who can navigate approvals and prioritise land over dwelling. The principal risk is the dependency on subdivision approval, which depends on local planning requirements such as setbacks and servicing, and this introduces timeline and cost uncertainty. The opportunity is that land value appreciates independently of the house, and if subdivision is feasible, the return on land cost is significant. Hold the property for its land rights and act only when a clear development pathway is confirmed.