4A Phillips Way, Dianella WA 6059

2-bedroom duplex in Dianella | 330sqm lot, 77sqm floorplan | renovated, priced for first-home or investor entry | 0.5km to primary school This property presents a rare configuration edge in Dianella: a duplex on a full 330sqm lot, which is functionally a small house with a separate title. The 77sqm floorplan is compact but efficient, and the recent refresh removes immediate maintenance risk for a buyer. It serves best as an entry-level home for a couple or single professional, or as a low-maintenance investment with a rental yield near 4.2% based on current estimates. The open-plan layout and outdoor entertaining area add livability that typical units lack, and the reverse cycle air conditioning is a practical necessity in Perth’s climate. The main risk is the 1973 build age: while refreshed, the buyer should budget for eventual roof, plumbing, or electrical upgrades, which could cost $15,000–$25,000 over five years. The 73–77sqm floorplan is below modern standards for a two-bedroom, limiting appeal to families. However, the lot size offers potential for future subdivision or a small extension, though zoning constraints should be verified. The street profile shows stable owner-occupancy at 65%, which supports capital stability. Hold this property as a long-term rental or first home; its value lies in land content and location, not the structure.