426 Marmion Street, Myaree WA 6154

835m² block in Melville | duplex zoning potential | stable owner-occupied street | strong school catchment This property offers a rare configuration advantage on a full 835m² lot within a tightly held, predominantly owner-occupied street where 85% of residents are long-term. The existing 1969 duplex footprint of 315m² provides immediate rental income at an estimated $675 per week, while the land itself carries no bushfire, flood, or heritage overlay restrictions, substantially reducing holding risk. For a buyer seeking a family base with future optionality, the proximity to Melville Primary and Senior High Schools within 0.9 kilometres adds genuine lifestyle and resale depth. The City of Melville zoning for residential use on this lot, combined with recent nearby off-the-plan packages suggesting subdivision viability, positions this as a land-rich holding in a suburb where 77% of properties are owner-occupied and turnover is low. The primary risk is the property’s age and single-bathroom configuration, which may limit rental growth without capital injection, and the current NBN Fibre to the Node connection is a secondary consideration rather than a prime driver. However the 835m² land component is the core value, and the recent sale at $1.375 million indicates the market has already priced in some redevelopment potential. A buyer should hold for cash flow while monitoring subdivision feasibility, as the lot size and absence of overlays create a clear path to value uplift through either renovation or future lot creation.