58A Evandale Street Floreat WA 6014

| Asking price guidance above suburb median | Limited land size relative to prevailing premium | Significant holding period since 2003 | Rental yield well below market average The single-level brick-and-tile residence presents a clear trade-off: its 527-square-metre block and 158 square metres of internal area limit scope for substantial subdivision or extension, yet the established 1995 build offers immediate liveability with minimal renovation outlay. Two separate living zones and direct alfresco access from the master suite enhance daily functionality, but the weak 2.68% rental yield signals that this property is best suited as a long-term owner-occupied holding rather than a yield-focused investment. The judgement is straightforward: buy for stable family use and land-holding strategy, not for short-term capital gains from redevelopment. What sets this property apart is its reliable catchment for both Floreat Park Primary and Shenton College, alongside no flagged environmental overlays, which reduces due-diligence risk for families. The master wing with ensuite and rear-yard access is a practical advantage for those wanting separation from secondary living areas, while secure double garage and storeroom meet essential storage needs. This property best serves buyers seeking a turnkey family home in a proven school zone, not those chasing subdivision potential or high-yield returns. Schedule an independent structural inspection and verify the property’s current mortgage discharge timeline, then proceed with an offer contingent on these checks-this property will not remain contested for long given its school catchment and condition.