9 Stewart Street, Margaret River WA 6285

Large block subdivision potential | North-facing living spaces | Established productive gardens | West side location This property presents a strong case for buyers seeking a lifestyle with self-sufficiency on a large, developable parcel in a premier location. Its 2042m² land size is a significant rarity, offering immediate utility through established gardens and infrastructure, while the absence of flood or heritage overlays preserves future subdivision optionality. The north-facing living areas and recent kitchen upgrades support comfortable modern living, making it ideal for a family or an investor targeting the holiday rental market, given its short-stay zoning. Proceed with a clear assessment of bushfire overlay compliance costs, which will impact holding expenses and development feasibility. The substantial land component fundamentally drives the premium; its value is best unlocked through a hold-and-subdivide strategy or by leveraging the high-yielding short-stay rental income to offset costs. Acquire this for its land bank potential, not just the dated 1999-built house. A direct comparable, 28 Bottlebrush Drive, is auctioning simultaneously with identical bedroom and car configuration, indicating direct competition for buyer attention. This parallel market test will provide immediate price discovery, but the subject property’s vastly larger block and subdivision potential command a justifiable premium over standard lots.