7 Freeth Road, Spearwood WA 6163

3 bed brick home | 728m² R30 green title | subdivision potential STCA | near coast & schools This property presents a strong dual-purpose opportunity, combining immediate livability with clear development optionality. Its substantial 728-square-metre green title lot in an R30 zone is competitively rare for Spearwood, offering a savvy buyer a low-density holding with subdivision potential subject to council approval. The house itself is configured for a large or multi-generational family, featuring multiple living zones, a second kitchen, and extensive ducted air conditioning, making it a comfortable live-in proposition while plans are formulated. It serves best as a strategic land bank with current income utility. Your decision hinges on validating subdivision feasibility and costs against the premium for the land component. The commercial logic is sound: secure a large block in a established suburb with strong rental fundamentals and coastal proximity, then crystallise value through strata creation. Proceed with a conditional offer pending a town planning assessment, and hold as a principal residence to avoid stamp duty on the future lots, or as a long-term investment to capture land value appreciation.