28 Kaiber Avenue Yanchep WA 6035

Corner block, 1047sqm | 1970 character home, 3.2m ceilings | Low 11% building coverage | Yanchep Lagoon Primary and Secondary College zone. The buying case rests on the land-to-building ratio. At 11% coverage on a 1047sqm corner block, this is a rare configuration in a coastal growth corridor. The 1970s character with high ceilings and floorboards offers a genuine point of differentiation from standard stock. For a buyer seeking a long-term land hold with immediate rental utility, the existing 3-bedroom house provides a functional income base while the site itself carries redevelopment optionality. The property serves best an investor or owner-occupier with patience, who values land leverage over turnkey finish. The primary risk is the 1970s single-bathroom layout, which limits rental appeal to a narrower tenant pool and caps weekly income near $545. The buyer absorbs a holding period where the house does not fully capitalise on the land’s potential. The opportunity lies in a staged approach: hold and rent for cash flow, then redevelop or subdivide when zoning or market conditions justify the capital outlay. Use this property as a land bank with a paying tenant.