22 Farris Street, Innaloo WA 6018

1952 build | 36% site coverage | no floor plan | limited upside for redevelopment | rental yield tight at ~3.2% The core risk is the building envelope itself: at 36% site coverage on a 372m² lot, the house occupies most of the land, leaving minimal scope for extension or subdivision without significant demolition cost. The 1952 structure, with no detailed interior available, implies potential hidden obsolescence in wiring, plumbing, or insulation that could cost $50,000–$100,000 to rectify, compressing net yield below 2.8%. On opportunity, the location near Yuluma Primary and absence of bushfire or flood overlays supports stable long-term holding. Judgment: buy only if you intend to occupy or hold for capital growth over a decade-not for short-term flipping or rental income. What is competitively strong is the rare combination of a walkable school catchment and an established street with 85% owner-occupiers, which reduces turnover risk and supports price stability. The built-in robes and carport add functional livability for a family, while 5G coverage provides a modern convenience edge. This property best serves a buyer seeking a long-term family home in a low-risk suburb where neighbour quality is high. To confirm the structural viability, commission a building inspection before making an offer.