137 Eddystone Avenue Craigie WA 6025

3-bedroom 1979 house | 739–740m² R20/R40 block | 102m² floorplan | drive-thru garage | renovated bathroom and stone kitchen This property offers a rare combination of immediate liveability and medium-term development optionality. The 739–740m² lot zoned R20/R40 is the primary value driver, giving a buyer optionality to renovate, extend, or eventually subdivide without the premium of a fully approved site. The renovated bathroom and stone kitchen reduce immediate capital outlay, while the split-system air conditioning and ceiling fans improve comfort for a tenant or owner-occupier. The drive-thru garage and powered shed add practical utility. The property suits first home buyers seeking a foothold in a stable, owner-occupied suburb with good school catchments, as well as investors targeting a 3.4% yield with 14% annual growth in the suburb. The blank-canvas backyard and front courtyard with gazebo provide low-maintenance outdoor space that appeals to families or downsizers. The main risk is the minor discrepancy in reported building size (86m² versus 102m²), which may affect financing or renovation cost estimates. Buyers should verify the floor area before committing. The single bathroom limits appeal for families with children, though the large shower and vanity partially mitigate this. The R20/R40 zoning requires council approval for any subdivision, and the 14% building coverage leaves room for expansion but does not guarantee a straightforward development path. The property’s position on a 154-property street in a suburb with 94 sales this year suggests reasonable liquidity. Hold for 3–5 years to capture zoning uplift and suburb growth, or renovate the kitchen and add a second bathroom to increase rental yield and resale value.