2 Arawa Place, Craigie WA 6025

Street frontage lot | Development approved plans | Bathroom count discrepancy | 285m² land in established suburb | Closing offer date This property presents a clear development or renovation opportunity, anchored by its 285 square metre street frontage lot and the existence of approved plans for a three-bedroom, two-bathroom home under previous planning codes. Its competitive strength lies in this ready-made potential, saving a buyer considerable time and uncertainty in the planning phase. It serves an owner-occupier seeking to build or an investor-builder targeting the family market in an established location with proximate schools. The primary risk is the unresolved discrepancy in the current dwelling’s bathroom count, which suggests either inconsistent listings or a configuration requiring verification, directly impacting its immediate rental or occupancy value. The commercial logic is to acquire the lot with existing approvals, where value is derived from the land and permits, not the existing structure. Proceed only on the condition of a building and pest inspection to validate the development feasibility, with the intent to develop or significantly renovate to capitalise on the approved plans.