2 Birchwood Avenue, Woodlands WA 6018
2 Birchwood Avenue, Woodlands WA 6018
Corner development site | 873m² block | Pool and city glimpses | Rented at $850/week | Redevelopment-ready configuration
This property sits on an unusually large 873m² corner lot in a central Woodlands location, a configuration that is rarely available in this established suburb. The elevated corner position with city glimpses and no rear driveway requirement makes it particularly suited to redevelopment, whether as a three-storey apartment project or townhouse development. The existing four-bedroom house, though built in 1963, is described as neat and tidy and currently generates rental income of $850 per week, offering immediate holding income for a buyer planning future development. Proximity to Jackadder Lake Reserve, Westfield Innaloo, and the Stephenson Avenue extension adds to its appeal. This property best serves a developer or land-bank buyer seeking a large corner site with development potential in a well-connected location.
The property’s value is primarily driven by its land area and corner configuration rather than the existing dwelling. The 873m² lot size and corner position may support higher-density development, but no formal planning approval or zoning code has been confirmed in the available information. The current house, while functional as a rental, is an older post-war dwelling that may require significant updating for an owner-occupier seeking contemporary finishes. The property’s rental income of $850 per week provides a baseline return, but the estimated higher rent of $1,000 per week suggests room for rental growth if improvements are made. Buyers should carefully assess the feasibility and cost of any proposed redevelopment against the asking price.
Detailed Independent Property Report prepared by PropCred Analyst team for 2 Birchwood Avenue, Woodlands WA 6018
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Renowned for its excellent connectivity and vibrant lifestyle, Woodlands delivers a premium residential experience that fiercely attracts established professionals and affluent upgraders. Properties here have seen robust, sustained price compounding recently, functioning as a highly resilient market perfectly suited for buyers seeking a forever home or a blue-chip investment. While it offers an elite everyday lifestyle, buyers should watch out for premium entry price points and closely assess the strata limits on older apartment complexes.
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PropCred Estimated Value
Bedrooms
4
Bathroom
1
Parking
1
Land
873m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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