3 Riseley Street, Applecross WA 6153

3 Riseley Street Applecross | dual-occupancy configuration | 588sqm land with 3-bed house sold recently | 342sqm development lot still available | established residential pocket This address presents an uncommon dual-occupancy opportunity within Applecross’s tightly held residential core. The 3-bedroom house at 3/3 offers a generous 588sqm parcel with recent sale evidence at $1.25m, confirming strong demand for established family housing in this catchment. The adjoining 342sqm lot at 2/3, currently offered via expressions of interest, introduces development optionality without requiring demolition of the existing dwelling. For a buyer seeking either a hold-and-develop strategy or a multi-generational configuration, the ability to acquire both units creates rare positioning in a suburb where subdivided blocks seldom surface together. The primary risk lies in the 2/3 lot’s 118sqm floorplate, which constrains what can be delivered without council variances, and the expressions-of-interest process may attract competitive bidding from developers who value the site differently. The 3/3 unit’s recent sale provides a transparent benchmark, but the 2/3 lot’s pricing remains undisclosed, creating negotiation asymmetry. A buyer should commission a feasibility study on the smaller lot before committing, and if acquiring both, hold the house as a rental while developing the rear parcel — the combined landholding of 930sqm across two titles is the real prize here.