25 Lower Keys Drive, Clarkson WA 6030

4-bed on compact lot | heritage overlay | high building coverage | strong rental yield | prime school proximity This property presents a high-density housing solution on a modest lot, with its 80% building coverage and four-bedroom configuration offering functional space efficiency rare in this price segment. The reliable rental yield and proximity to well-regarded schools position it strongly for either a family owner-occupier seeking entry into the catchment or an investor targeting stable, long-term tenancy. The heritage overlay, while a constraint, provides established streetscape character. Your primary risk is the overlay, which imposes future alteration costs and limits redevelopment upside, effectively capping capital growth relative to unencumbered lots. The compact parcel demands scrutiny of outdoor utility. The commercial logic is its yield-supported entry price; proceed as a hold asset for cash flow with modest appreciation, not for significant value-add. Treat it as a long-term positional holding within a constrained supply corridor. Comparable sales data is limited, but one nearby transaction provides context: * 2 Lower Keys Drive sold 24/02/2023: 4-bed, 2-bath on a 672m² corner lot. This single data point suggests the subject property’s notably smaller 289m² lot size explains its lower valuation, confirming you are evaluating a different, higher-density product type where price is driven by internal accommodation rather than land.