55 Simpson Street Ardross WA 6153

R50 zoning upside | rental return optionality | no inspection scheduled | 49% site coverage already taken The property’s value is partly priced on future redevelopment potential under District Centre R50 coding, but that upside is not locked in-approvals are required and the existing 49% building coverage limits what can be added without demolition. The buyer effectively pays for optionality now, not certainty. If development is deferred, the property still yields rental income between $965 and $1,160 per week, offering a hold strategy that covers carrying costs while the planning path clarifies. A conservative buyer should acquire this as a land-holding with cash flow, not as a turnkey redevelopment. What makes this house competitively strong is its position in Precinct 4 of the Riseley Activity Centre, where higher-density zoning is rare on a 729m² lot. The absence of bushfire, flood, or heritage overlays reduces approval friction, and the Applecross Senior High School zone adds buyer pool depth. This property suits an investor with medium-term patience who wants rental income while positioning for a future subdivision or townhouse development. The next step is to engage a town planner to assess feasibility under current codes before submitting an offer.