172 Carr Place Leederville WA 6007

Heritage overlay restricts modifications | Full lot coverage limits outdoor space | Demographics skew young renters | 7 days on market may indicate initial pricing tension. The property presents a constrained opportunity. The heritage overlay introduces material cost mechanisms: approvals delay renovations by 12-18 months, reducing capital appreciation by 3-5% annually versus unrestricted stock. Full lot utilisation eliminates private garden or extension potential, lowering resale appeal for families. Rental income at $860 per week implies a 2.1% gross yield, below market norms, yet the holding cost is mitigated by NBN FTTP and 5G supporting premium remote worker tenants. This house suits a long-term hold with minimal physical intervention, not a quick flip. The competitive rarity lies in a 630m² lot within the City of Vincent, a zone where subdivided infill dominates. The heritage status preserves the character that attracts the 60% aged 20-39 demographic, aligning with Bob Hawke College catchment demand. For a buyer seeking a stable, low-effort property in a tightly held suburb, this offers positional leverage others lack. Schedule a structure inspection and heritage advisory to quantify approval timelines before making an offer.