16 Evelyn Street, Gosnells WA 6110

Large lot in Gosnells | 1953 house with jarrah floors | 9% building coverage | development upside in owner-occupied street This property offers a rare combination of a 1315m² lot with only 9% building coverage, meaning the land holds substantially more value than the house itself. The original jarrah flooring and recent kitchen renovation reduce immediate capital outlay, while the 4m roof height and 17m ground elevation provide structural advantages for future redevelopment. It serves best for buyers seeking a land bank with immediate rental income, particularly those targeting subdivision or a new dwelling in a street where 85% of neighbours are owner-occupiers, supporting long-term value stability. The primary risk is the 1953 structure, which may require significant upgrades beyond the cosmetic renovations. The retro bathroom and planned subdivision during tenancy create coordination complexity and potential vacancy cost. However, the Gosnells council area has no heritage or flood overlays, simplifying approval pathways. The property’s position as a development opportunity on a large lot in a stable, owner-occupied street means the buyer should hold for subdivision or capital gains rather than flip. Use the current $650pw rent to cover holding costs while pursuing a development application.