34 Davilak Avenue, Hamilton Hill WA 6163

A solid 3-bedroom, 1-bathroom home on a ~700-750 sqm block , this asset represents a land-driven opportunity in a gentrifying coastal corridor. Built mid-20th century, the dwelling is functional with potential for renovation, but the primary value lies in the generous landholding and future development potential (often R30/R40 zoning in this pocket, STCA). From a valuation perspective, the property is likely positioned in the ~$850K-$1.00M range , aligning with Hamilton Hill’s current market where older homes on full block s transact between ~$800K and $1.05M depending on zoning, condition, and frontage. This places it within the upper segment for unrenovated stock, supported by strong land value. Rental performance is moderate, with expected income around $600-$680/week, implying a ~3.5%-4.2% yield, typical for land-heavy assets close to the coast. Demand is supported by proximity to Fremantle, beaches, and ongoing suburb uplift. Strategically, this is a value-add and land-bank investment. The key upside lies in renovation, subdivision, or redevelopment potential, alongside long-term gentrification. Downside risk is relatively low due to strong owner-occupier demand and limited land supply. Overall, it suits investors seeking capital growth and development optionality, rather than high immediate yield.