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40 Allinson Drive, Girrawheen WA 6064

E.O.I

Search Band Search Visibility Band

$1.1M - $1.2M Medium Confidence Calculated based on our search observations.

House 4 Beds 2 Baths 4 Cars 1127 m²

Listed: 46 days ago

Updated: 45 days ago

Overview

This expansive property at 40 Allinson Drive, Girrawheen, presents a unique dual-home investment opportunity set on a substantial 1,127 square metres corner block with parkland views. Situated directly opposite Blackmore Park adds exceptional lifestyle value, offering a serene green outlook and outdoor spaces for recreation and relaxation.

The site hosts two entirely separate homes, each offering two bedrooms, one bathroom, dedicated living regions, and individual kitchens, complemented by roomy outdoor areas. This layout provides not only immediate rental income with the combined yield of $950 per week, but also flexibility for future planning — whether continuing tenancy, renovation, subdivision, or a larger-scale development subject to council approval for up to five new residences.

Key advantages of this property include dual rental streams from two fully tenanted homes, making it attractive for investors looking for steady cash flow while land banking. The corner location enhances potential subdivision and development possibilities, offering expansion or retention options on a naturally large footprint within a welcoming community environment.

Generous corner block zoned R20/40 conducive to redevelopment
Two completely separate dwellings each with 2 bedrooms and 1 bathroom
Consistent combined rental income providing immediate return
Excellent potential for subdivision or redevelopment up to five homes (STCA)
Direct adjacency to Blackmore Park enriching resident amenity
Proximity to shopping, cafes, gyms, and entertainment hubs within a few kilometres adds convenience and lifestyle appeal

This property is well suited to investors, developers, or land bankers seeking to capitalize on a rare combination of location, scale, and dual income streams. The mature setting combined with strategic access to urban amenities ensures diverse future uses of the site while benefiting from existing tenancy arrangements. This offering underscores a practical investment with versatile options for evolving market demands.

Local Market Insights

In Girrawheen, Quiet Listings observed 32 new houses entering the market over the last 30 days, up from 28 during the previous 30-day period, with an average advertised asking price of $831,594. The property type mix of listed properties is predominantly Houses at 86%, followed by land (5%), and villas (5%). The most active agency for houses in the Girrawheen area is currently Harcourts, representing 25% of new listings, followed by Jef Baker with 25%. 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.