48 Cedar Way, Maddington WA 6109

R20 zoning | 1,061 sqm block | subdivision into two lots | development site | no existing dwelling This is a competitively rare offering in an established suburb, defined by its substantial land size and R20 zoning that permits a two-lot subdivision. The property is best suited to a developer or builder looking to unlock value through subdivision, rather than an owner-occupier seeking a finished home. Its position on a large corner-style block within a street that contains conventional houses suggests it offers a distinct development opportunity in a mixed, older neighbourhood. The asking price reflects a land-value position, not a house price, which may appeal to those focused on future uplift rather than immediate habitation. The value of this property is shaped primarily by its subdivision potential and holding costs. A buyer should weigh the cost of site works, approvals, and construction against the likely end value of two smaller lots or dwellings. The absence of an existing dwelling means no rental income is possible during development, which may affect cash flow. Market conditions for subdivided land in the area could influence the final return, so a careful feasibility study is recommended before committing to a price.