45 Wood Street, Inglewood WA 6052

1937 character cottage | 3 bed, 1 bath | R40 zoning on 860m² | approved renovation plans | quiet streetscape This property presents a rare development opportunity within a tightly held suburb, underpinned by its substantial R40-zoned land parcel. The approved architectural plans transform the original cottage into a flexible three-to-four bedroom residence with modern amenities, offering immediate value-add potential without rezoning uncertainty. It serves the buyer seeking character charm with a clear path to contemporary living or a strategic land bank in a established locale. The primary risk is the significant discrepancy in reported land size; due diligence must confirm the 860m² figure to validate the development yield. The original 1937 build necessitates a thorough structural assessment, as renovation costs can escalate. Proceed with an offer conditional on a survey and building inspection, targeting a hold-and-renovate strategy to capitalize on the approved plans and superior lot size.