Corner block | R40 zoning | Rear-lane access | 506m² level land | Redevelopment potential
The competitive strength is drawn from the land, not the dwelling. A level 506m² corner block with R40 zoning and rear-lane access is presented as uncommon in established Nedlands. The rectangular 13.6m frontage is positioned to support flexible redevelopment, subject to approvals. As a circa-1920 original, it is best suited to buyers focused on redevelopment or long-term holding. Owner-occupiers seeking immediate comfort will need renovation budget, but a rare infill opportunity is offered in this prestige pocket.
The original condition, sparse amenity and single parking might be seen as constraints for turnkey buyers. Without a finishes schedule, condition risk is carried by the buyer, so a building inspection is advised. Value may be determined largely by the planning outcome for the R40 site, and any density or street-character restrictions could alter potential returns. The modest 124m² built area suggests demolition or major renovation is likely required, adding cost and time.
>> Comparable Sales: 49 Clifton St (455m²) sold $1.85M; 62 Clifton St (359m²) sold $1.40M | Property Price Band: $1.9M–$2.0M | Value Drivers: land size, corner position, R40 zoning