70 Bishopsgate Street, Carlisle WA 6101

Low site coverage | 68-year-old fabric | 1,052sqm zoned block | zero heritage controls The opportunity cost here is the 15% site coverage, which limits immediate redevelopment without a zoning change. Holding costs are low because the house is rentable at $715pw, but the 1950 structure and single bathroom signal capital outlay ahead. The strategic logic is land banking on a large block in a well-located suburb, with the house providing cash flow while you wait. Your judgment call: buy only if you can hold for three to five years. What is competitively strong is the 1,052sqm lot in a residential zone with no overlays, rare at this price point in Carlisle. High confidence rental income and FTTP connectivity de-risk the holding period. This property suits a patient buyer who wants infill potential without immediate construction risk. To secure it, verify the planning pathway with the City of Victoria Park before engaging on offer terms.