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Overview
This exceptional property presents a rare investment opportunity featuring two fully self-contained dwellings on a generous 1,020 square metre block in the heart of central Derby. The dual-income potential is ideal for investors seeking strong rental returns, extended families valuing privacy with separate living spaces, or owner-occupiers aiming to reside in one home while generating income from the other.
The Western Australian Planning Commission (WAPC) subdivision approval is secured and has been extended until October 2027. This approval offers the purchaser a valuable chance to complete the subdivision into two separate lots, allowing greater flexibility and potential for future development or sale. Buyers are advised to consult with both WAPC and the Shire of Derby-West Kimberley concerning any remaining conditions or fees to ensure a smooth subdivision process.
Main Residence (House 1)
The primary dwelling is a uniquely spacious, well-maintained three-bedroom, one-bathroom home exhibiting ample character and a family-friendly design. The residence boasts generously sized bedrooms, each offering comfort and space, complemented by a modern kitchen that includes a large walk-in pantry to accommodate all culinary needs. Natural timber flooring flows throughout, adding warmth and elegance, while a large rear deck provides an excellent area for entertaining or relaxing with a view of the expansive backyard. Abundant storage solutions are integrated throughout the home, enhancing its practicality for family living.
Secondary Dwelling (House 2)
The second home has been renovated to present a contemporary, low-maintenance lifestyle opportunity. It includes two bedrooms, each with its own ensuite bathroom, providing privacy and convenience for residents or guests. An open-plan living and dining area creates a welcoming, spacious atmosphere that encourages comfortable living. The home features tiled flooring throughout, ensuring simple upkeep and a sleek aesthetic. Secure undercover parking is available, along with a spacious backyard ideal for outdoor activities or gardening.
Property Advantages
- Two self-contained residences on a single large title, providing versatility.
- Opportunity for dual rental income, enhancing investment returns.
- Ideal for multi-generational living arrangements.
- Suitable accommodation option for staff or tenants.
- Substantial block size of 1,020 square metres, offering potential for future subdivision or development.
Location Benefits
The property is conveniently situated close to essential amenities and services, with several important locations within easy walking distance. These include Derby District High School directly opposite, Derby Hospital, town centre shopping and services, and various sporting facilities. This central placement adds value and convenience for residents or tenants alike.
Properties offering such versatility and income potential in Derby are uncommon. This residence at 88 Clarendon Street delivers considerable value and adaptability, making it an outstanding choice for investors, families, or any buyer looking for a well-positioned property that accommodates diverse needs.
Local Market Insights
In Derby, Quiet Listings observed 3 new houses entering the market over the last 30 days, up from 2 during the previous 30-day period, with an average advertised asking price of $411,667. The property type mix of listed properties is predominantly Houses at 67%, followed by units (17%), and commercial properties (17%). Ray White was the most active agency in this area, representing 66.7% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Derby WA 6728
Market Insights for Derby WA 6728
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