24 Essington Street, Huntingdale WA 6110

3 bed corner block 742m² | 20% annual growth achieved | 216m² build low site coverage | ducted cooling solar panels | Gosnells LGA no overlays The corner block configuration with 216m² building area on 742m² creates a low site coverage of 29%, offering future subdivision or dual-occupancy potential under current residential zoning. The property achieved 20.18% annual growth during the last holding period, indicating strong underlying land value appreciation. Ducted cooling, solar panels, and six car spaces serve families seeking space and energy efficiency, while the absence of bushfire, flood, or heritage overlays reduces due diligence risk. This house suits buyers prioritising land content and redevelopment optionality over immediate cosmetic finish. The primary risk is that the recent purchase price of $630,000 in June 2024 and the current estimated $906,000 value may already reflect anticipated zoning upside, leaving limited short-term capital growth. The advertised rent of $630 per week in November 2024 versus the $680 midpoint estimate suggests rental demand is present but not premium. Buyers should verify the actual lease history and any structural condition reports. The opportunity lies in holding for medium-term land value appreciation or pursuing a subdivision application if council permits. Use this property as a land bank with rental income offsetting holding costs.