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56 Gerald Street, Spearwood WA 6163

NEW TO MARKET

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$800k - $1M Medium Confidence Calculated based on our search observations.

House 3 Beds 1 Bath 1 Car 819 m²

Listed: 51 days ago

Updated: 16 hours ago

Overview

Set within a well-established area of Spearwood, this substantial 819sqm landholding offers a prized opportunity for a diverse range of buyers, including homeowners, investors, and developers. The property’s R40 zoning unlocks significant redevelopment potential, presenting the possibility of transforming the site into a triplex, subject to approvals.

The existing residence offers immediate use as a comfortable home or an income-generating rental, while also providing a base for renovation enthusiasts eager to enhance its current condition. Beyond the house itself, the expansive land offers a versatile canvas for future growth, making it an attractive proposition for those eyeing long-term value in a sought-after location.

Its strategic placement in Spearwood means proximity to essential amenities such as schools, parks, shopping facilities, and transport links, while maintaining convenient access to Fremantle and the coast. The combination of generous land size, established neighbourhood, and zoning advantages makes this a compelling opportunity for buyers seeking to capitalize on land potential within a tightly held market.

Expansive 819sqm block providing ample space and development scope
R40 zoning enabling potential triplex development
Existing home suitable for renovation, rental or immediate occupation
Located in a mature area with access to amenities and transport
Potential suited to developers, investors, or owner-occupiers seeking future growth

Local Market Insights

In Spearwood, Quiet Listings observed 50 new houses entering the market over the last 30 days, up from 25 during the previous 30-day period, with an average advertised asking price of $983,420. The property type mix of listed properties is predominantly Houses at 68%, followed by apartments (8%), and commercial properties (7%). The most active agency for houses in the Spearwood area is currently C&CO REAL ESTATE, representing 18% of new listings, followed by Ray White with 12%. 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.