21 Salisbury Avenue, South Perth WA 6151

Large land in South Perth | 3-bed older house | Near top schools | Steady rental demand This property presents a strong opportunity based on its substantial 774m² lot, a configuration becoming rare in this suburb. The size offers immediate utility for a family and significant future optionality for renovation or redevelopment, unencumbered by overlays. It is best suited to a buyer seeking a long-term hold in a established family catchment, with the current house providing basic accommodation while the land appreciates. The primary cost is the premium for land, with the older 3-bed, 1-bath house offering limited modern appeal and likely requiring capital investment. The price positioning in the mid-$2M range demands scrutiny against recent sales, which are not provided here, to validate the premium. Proceed with an offer only after securing a current valuation and building inspection, targeting a hold period that allows the land value to mature or a strategic upgrade to be executed.