173 Alexander Drive, Dianella WA 6059

3-bed house, 728sqm block | Dianella, 10km CBD | 19% building coverage | FTTP, 5G | quiet owner-occupier street The strongest feature of this property is its 728sqm land with only 19% building coverage, which gives a buyer rare flexibility in a suburb where median house prices have grown 16.3% annually. The 1970s structure is functional but secondary—what matters is the ability to renovate, extend, or potentially subdivide in a street where 90% of neighbours are owners, not renters. This suits a buyer who wants to hold for medium-term capital growth while adding value through a modest renovation, or a family who values being in the Sutherland Dianella Primary intake zone and wants space without moving further out. The FTTP and 5G coverage are supporting conveniences, not drivers. The main risk is that the house itself is unrenovated and the single bathroom limits immediate appeal to families, meaning resale or rental yield—estimated at $725 per week—will lag until work is done. No recent comparable sales on Alexander Drive make pricing uncertain, and the 2018 purchase price is now outdated. The opportunity is to negotiate below the $1,050,000 listing given four days on market and no scheduled inspections, then budget for a bathroom addition and cosmetic updates. Hold for five years, renovate in year two, and benefit from the land value uplift in a tightening market.