41 Drew Street Mira Mar WA 6330

Elevated pole home | 1532m² hillside lot | R25 medium density zone | Short-stay approved | Coastal views This property’s competitive strength lies in its rare combination of a large, developable hillside lot with existing short-stay approval and panoramic coastal views. The elevated pole home design maximises outlook and airflow, while the R25 zoning signals genuine subdivision potential — a structural advantage for a buyer seeking land-bank or future yield. The 136m² floorplan is modest, but the low 1% building coverage leaves significant room for expansion or reconfiguration. This house best suits a buyer with medium-term capital growth objectives who values location leverage over turnkey finish, and who can hold through a staged development or subdivision process. The primary risk is the bushfire overlay, which may increase compliance costs for any future build or subdivision — a buyer should budget for a BAL assessment early. The 2001 build date (or 2007 per some records) means the structure is not new, so a building and pest inspection is non-negotiable. On the opportunity side, the short-stay approval provides immediate income offset while holding, and the R25 zoning offers a clear path to value uplift through subdivision or dual-occupancy development. Hold this property for its land story: buy for the view and the zone, not the house.