3 Treetop Avenue, Edgewater WA 6027

1983 build | 680m² R20/40 zoned block | Edgewater primary catchment | Strong redevelopment play This property’s core strength is its 680 square metre land parcel in a duplex-capable R20/40 zone, a configuration becoming rare. For a buyer seeking land banking with immediate rental income, the existing house provides a holding yield while the substantial, flat block presents a clear future development pathway. It serves the strategic investor or owner-builder aiming to capitalise on Edgewater’s established character with a future multi-unit project. The primary cost is the dated 3×1 layout, which limits its appeal in the current family market and caps its resale value in its present state. The commercial logic is unequivocal: acquire for land value, derive interim rent, and redevelop to realise the zoning potential. This is a hold-and-transform proposition, not a move-in home; its value will be unlocked through council approval and construction.