9 Mcknight Place, Melville WA 6156

Overlooking Kadidjiny Park | R40-zoned 911m² | Dual-living granny flat | Development concept ready The property presents a rare combination of immediate family functionality and medium-term redevelopment optionality. Positioned on a quiet cul-de-sac backing onto parkland, the 911m² R40-zoned lot is considered oversized for the area, and the existing dwelling plus self-contained granny flat already supports dual occupancy or multigenerational living. The below-ground pool and established patio add lifestyle value that is difficult to replicate in a new build. For a buyer seeking a large family home with an income offset or a patient developer holding for unit yields, this offering is competitively positioned relative to other infill sites with similar land area. The primary risk lies in the condition of the original four-bedroom residence, which may require updating, and the fact that any redevelopment is subject to council approval despite concept drawings being available. Holding costs during approval and construction must be factored in. The opportunity is to immediately collect rental income from the granny flat while living in the main house, or to sell the entire block with a pre-approved development pathway. This property suits a buyer who values both today’s amenity and tomorrow’s optionality.