3 Esk Close, Craigie WA 6025

Quiet cul-de-sac | Large 683sqm R20/R40 zoned block | 3 bed, 1 bath | Development potential This property’s primary strength is its landholding within a quiet cul-de-sac, offering a rare combination of a large 683sqm block with dual R20/R40 zoning. This configuration presents a clear development opportunity or future subdivision potential, making it a strategic purchase for an investor or builder, rather than a standard family home buyer given its single-bathroom layout. Its value is fundamentally land-driven, with the existing house being neat but functionally basic compared to nearby stock. Proceed only with a development plan, as the outdated single-bathroom configuration limits its appeal and rental yield as a standalone home, creating a value gap that must be closed through capital improvement. The commercial logic is sound: acquire the land, exploit the zoning, and rebuild or subdivide. Without this, you overpay for a house that underperforms in its current state. The judgment is to buy for the land, not the dwelling, and execute a development exit.