27 Hamersley Street, Midland WA 6056

Corner 698m² block | R40/60 zoning | Side and rear access | Surveyed for subdivision | Established 4×1 house The property is positioned on a surveyed 698 square metre corner lot with two street frontages and side and rear access, a configuration rarely matched in this part of Midland. Its R40/60 zoning is accompanied by genuine subdivision or additional dwelling potential, subject to approvals, which lifts its utility well beyond the standard four-bedroom family home. The internal layout, with separate lounge and open kitchen-dining, is straightforward and functional, while the patio and pergola extend the living space. This property is best suited to a small-scale developer or an investor wanting future flexibility; an owner-occupier would also be served by the landholding and the access for a workshop or trailer, but the real value is found in the development upside. Value may be shaped by the condition and presentation of the existing house, as those elements affect how quickly a buyer can move to a development outcome. Even if the dwelling is dated, the land and zoning carry the bulk of the price; a buyer might weigh the cost of holding an older house while preparing a subdivision application. The corner position and surveyed lot may support a range of layouts, but final yields depend on council approval and site constraints. Comparative market activity in the immediate street suggests steady demand for low-density stock, and the subject’s larger landholding may justify a premium. >> Comparable Sales: 1/19 Hamersley Street 3×1 villa sold 2024 $630k; 3/9 Hamersley Street 3×1 unit sold 2024 $590k | Property Price Band: $700k–$800k | Value Drivers: corner lot size, R40/60 zoning, side access and subdivision survey