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122 Renou Street, East Cannington WA 6107

From $985,000

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$985k - $1.03M Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 2 Cars 849 m²

Listed: 58 days ago

Updated: 10 days ago

Overview

Situated just 10 kilometers from Perth City, this substantial 849sqm property in East Cannington offers a rare and valuable development opportunity with approvals already in place.

The existing home is a classic three-bedroom, one-bathroom residence located at the front of the lot. Importantly, a three-lot subdivision has been approved, providing flexibility to retain the current dwelling while simultaneously developing two new lots at the rear.

Approved plans for the rear lots include two modern homes, each featuring four bedrooms and two bathrooms, making this site especially appealing to developers, builders, and investors looking for a project with significant upside and reduced regulatory hurdles.

This property presents multiple pathways for prospective buyers: continue to rent the existing property while undertaking development, execute the subdivision and new home construction, or hold the asset as a strategic investment for future growth.

The location further enhances the appeal of this development parcel. Residents will benefit from proximity to public transport, Westfield Carousel shopping centre, several government and private schools, and local parks, ensuring convenience and lifestyle appeal.

Generous 849sqm land area providing solid development scope
Existing three-bedroom home provides immediate rental or habitation options
Approved three-lot subdivision minimizes time to market
Planned for two new four-bedroom, two-bathroom homes on rear lots
Close to public amenities including schools, parks, and shopping facilities
Strategic location offers both lifestyle and investment potential

This property is an excellent candidate for those interested in capitalising on development prospects close to Perth’s urban centre, combining established amenity access with the benefits of newly approved residential expansion.

Local Market Insights

In East Cannington, Quiet Listings observed 50 new houses entering the market over the last 30 days, up from 35 during the previous 30-day period, with an average advertised asking price of $925,998. The property type mix of listed properties is predominantly Houses at 66%, followed by units (9%), and villas (9%). The most active agency for houses in the East Cannington area is currently The Agency, representing 22% of new listings, followed by Ray White with 18%. 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.