347 Railway Avenue, Armadale WA 6112

Large block with low coverage | 1960s double brick character | separate sale and rental listings | primary school zone This house presents a rare development or lifestyle proposition within Armadale, defined by its substantial 1378m² lot with minimal building coverage. The double-brick construction and original timber features offer a durable, low-maintenance base with enduring appeal, best suiting a buyer seeking a long-term hold with land bank potential or a family prioritizing space over modern finishes. Its concurrent marketing for both sale and rent indicates immediate income potential, aligning with investor or hybrid strategies. Your primary risk is the nearby planned development, which may alter streetscape and amenity. The asking price commands a significant premium over the estimated value range, requiring a premium for land size and character. Proceed only if the lot size justifies your hold period, treating the house as a yielding placeholder; the land is the core long-term value. For a pure investor, the rental yield is modest against the entry price.