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148 Raymond Street, Yokine WA 6060

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$1M - $1.5M Medium Confidence Calculated based on our search observations.

House 4 Beds 2 Baths 807 m²

Listed: 11th Jul 2026

Updated: 21 days ago

Overview

This rare landholding in Yokine offers a unique investment and development opportunity, occupying a substantial 807sqm R20/40 zoned site. Its proximity to the prestigious Western Australian Golf Club and the Perth CBD enhances its appeal, making it attractive for a variety of buyer types including investors, developers, and families looking for space and potential.

Currently, the property includes two self-contained units on a single title, delivering immediate income through existing tenancies. This arrangement provides flexibility, allowing the new owner to generate rental returns while exploring options for subdivision or redevelopment.

With zoning that potentially allows for development of up to three dwellings subject to approvals, the site invites a range of future possibilities. Buyers might choose to build their dream home across the entire site, divide the land into two lots to hold or sell, or pursue multi-dwelling development aligned with local planning regulations. This adaptability is a key strength of the property.

Set in a well-established, tightly held neighborhood filled with quality homes, the location promotes a quiet and leafy environment. Its zoning also supports access to Yokine Primary School, adding value for families.

Overall, this property combines a desirable location, substantial land size, and versatile zoning with immediate rental income, making it a compelling acquisition for those seeking to build assets, develop, or secure prime real estate close to Perth’s core.

Local Market Insights

In Yokine, Quiet Listings observed 18 new houses entering the market over the last 30 days, down from 20 during the previous 30-day period, with an average advertised asking price of $1,340,500. The property type mix of listed properties is predominantly Houses at 38%, followed by villas (30%), and units (16%). The most active agency for houses in the Yokine area is currently The Agency, representing 22% of new listings, followed by Ray White with 11%. 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.