4 Princes Street, Cottesloe WA 6011

749m² Cottesloe lot | 3-bed house | last sold 1996 | Shenton College catchment | inspections by appointment This property presents a rare opportunity to acquire a large, level block in a premier suburb, held long-term. The 749m² land component is the primary value driver, offering significant redevelopment potential or space for expansion, which is increasingly scarce. It best serves a buyer with a long-term horizon, capable of capitalising on the underlying land value, whether through renovation, rebuild, or holding in a strong school catchment. The absence of recent sales data for the house itself introduces valuation risk, requiring a premium for due diligence. The “Coming Soon” status suggests competitive interest, demanding prepared finance. Proceed with a strategy to modernise the dwelling to realise the lot’s premium, otherwise you are paying for land alone. This is a strategic land purchase with a dated house attached; value must be underwritten by the lot’s potential, not the current improvements.