40 Caledonian Avenue, Maylands WA 6051

Large R30 block | 1952 fibro home sold as is | developer or land-banker profile | riverside and café precinct walkability This property’s primary strength is the land. At over 1,000 square metres with R30 zoning and an 18-metre frontage, it is a rare infill opportunity in an established inner-urban pocket. The site is level and green title, which simplifies future subdivision or redevelopment subject to approvals. The location adds genuine lifestyle appeal—walkable to the Swan River, walking trails, parks, schools, childcare, and the café and dining strip along Whatley Crescent and Eighth Avenue. Proximity to the Perth CBD and Optus Stadium broadens the buyer pool. This property suits a developer, land-banker, or renovator willing to hold or improve the existing dwelling. The original 1952 fibro and tile home is sold as is, which implies capital expenditure if retained as a residence, but the landholding itself carries the value here. The dwelling’s age and condition may affect sale price, as the house is largely unrenovated and requires attention. No detailed finish schedule is available for the kitchen, bathroom, flooring, or insulation, so a buyer should factor in a thorough inspection. The redevelopment potential is subject to council approvals, and no information on heritage, environmental, or easement constraints has been provided. While the location supports rental demand, no yield data is available for this specific property. A buyer forming a view on price should weigh the land’s development upside against the likely holding costs and approval timeline.