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12 Charles Street, South Perth WA 6151

Offers Invited

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$7M - $8M Medium Confidence Calculated based on our search observations.

Land 1784 m² 1784 m²

Listed: 6th Aug 2026

Updated: 10 hours ago

Overview

This development site at 12 Charles Street, South Perth offers a rare, shovel-ready opportunity in a highly desirable riverside suburb, just 4km from the Perth CBD. With a land area of 1,784sqm featuring clean and regular dimensions, the site requires no demolition, enabling immediate progress towards design and construction.

The property is well-suited for a range of projects including luxury apartments, mixed-use developments, or owner-occupier schemes, subject to council approval. A notable feature is the significant development potential afforded by a discretionary Tier 2 planning pathway, permitting a plot ratio of up to 9.8:1.0 without a fixed storey limit, which allows for a substantial, design-led built form tailored to market demand.

Location enhances the value proposition significantly, with proximity to key amenities such as the Mends Street retail and dining precinct, Perth Zoo, Royal Perth Golf Club, and the Swan River foreshore. Excellent transport links include freeway access, high-frequency bus services, and the Mends Street Ferry Terminal, offering direct connectivity to the CBD.

South Perth's property market has demonstrated robust capital growth, with median house prices around $2.35 million and impressive recent growth trends, reinforcing the investment appeal of this site. The confidence of the developer community is underlined by a nearby DA approval for a 51+ level, 237-apartment tower.

Overall, this site provides a strategic entry point for developers and investors aiming to capitalize on South Perth’s tightly held locale and planning support for high-density, mixed-use projects. Its shovel-ready status combined with the lack of demolition delays ensures a streamlined development pathway.

Local Market Insights

In Perth - South East, Quiet Listings observed 58 new parcels of land entering the market over the last 30 days, up from 24 during the previous 30-day period, with an average advertised asking price of $716,371. The property type mix of listed properties is predominantly Houses at 67%, followed by apartments (10%), and units (7%). The most active agency for land in the Perth - South East area is currently Rodway Group, representing 29% of new listings, followed by Tilt Commercial with 26%. 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.