38 Fraser Road, Applecross WA 6153

This remarkable Applecross property presents an exceptional opportunity for discerning buyers seeking expansive waterfront living or a prime investment parcel. Set on a rare and substantial 2,648sqm green-titled landholding, its considerable 25-meter widths provide commanding street and absolute river frontage directly on the Swan River, without a road separating home from the water. This unique positioning not only guarantees unrivalled water access but also potential for bespoke additions such as a boat shed and dedicated watercraft storage, allowing seamless connection between your home and river lifestyle.

The existing residence, constructed in 1972, spans approximately 348sqm over two generous levels. The home features spacious living areas thoughtfully designed to maximise sweeping 180° river views on multiple terraces and gardens. Notable amenities include a grand master suite, a chef’s kitchen, a study, a built-in sauna, and a swimming pool, contributing to a lifestyle of comfort and entertaining potential.

The property's zoning (R12.5) offers significant development flexibility, enabling subdivision into three distinct lots. Options include creating two riverfront blocks each with about 12.5 meters of water frontage plus a street-facing block, or preserving the site as a grand super block to develop a landmark private estate. This versatility appeals to visionary investors, developers, or families looking to tailor an exclusive riverside sanctuary.

Location advantages enhance its appeal, with proximity to popular cafes, boutique shops, supermarkets, medical facilities, and sporting clubs such as Applecross Tennis Club and South of Perth Yacht Club. Families benefit from access to highly regarded local schools including Applecross Primary and Senior High School, as well as prestigious private institutions within easy reach. The property enjoys strong connectivity to Perth CBD, beaches, and the airport, all accessible within a 20-minute commute.

Overall, 38 Fraser Road is one of the few remaining parcels of its scale and waterfront quality in Applecross, offering a rare canvas to realise a luxurious riverside lifestyle or a savvy investment with development prospects in a coveted riverside precinct.