73 Barbican Street West, Shelley WA 6148

Vacant land with approved 5-bedroom house, dual-income rental potential in the Canning growth corridor. This 320-square-metre vacant lot sits with an approved development of a 5-bedroom, 2-bathroom house featuring 257 square metres of building coverage across an 80% built-to-land ratio. The structure includes 2 car spaces, solar panels, and was designed in 2011. Ground elevation is 5 metres with an 8-metre roof height, positioning it above typical flood risk thresholds in the area. Estimated rental income ranges from about $1,075 per week to $1,175 per week, translating to a rental yield around 2.36% based on current valuations. The property suits investor–owner occupiers seeking moderate income generation rather than high-yield strategies. Location advantages include proximity to schooling: Shelley Primary School is 0.7 kilometres away, and Rossmoyne Senior High School is 2.9 kilometres away, both in government-funded catchments. The area falls within the Canning local government area with no detected bushfire, flood, or heritage overlays affecting development or use. Connectivity is supported by NBN Fibre to the Node broadband and 5G coverage. Demand signals indicate moderate buyer interest; the vacant status suggests development readiness rather than immediate occupancy. Growth drivers include the broader Canning corridor expansion and infill development typical of established Perth suburbs transitioning to medium-density configurations. The approved design aligns with contemporary family-sized accommodation. Potential risks center on execution timing and the need for construction capital or a builder, with no rental income until construction completion. The property is suitable for owner-occupiers with construction experience or capital-backed investors seeking moderate yields in established suburbs with stable schools and infrastructure.