514 The Strand, Dianella is a 3 bedroom, 2 bathroom House with 3 parking spaces and was built in 1963. The property has a land size of 741m2 and floor size of 250m2.This Property is currently listed for sale with LJ Hooker Subiaco
You will be pleasantly surprised by what lies beyond the beautiful and unassuming faade of this well maintained home on the popular The Strand. Set on a generous 741 square metre R20 block, this spacious character residence presents a compelling investment opportunity with strong holding income and future upside in a highly sought after Dianella location.
Offering an expansive and flexible floorplan, the home features a larger than average master bedroom with ensuite, two additional well proportioned bedrooms and multiple living zones including a large open plan living and dining area plus a separate front lounge or theatre room. A renovated bathroom and laundry enhance the homes functionality and long term tenant appeal.
Outdoors, a large patio alfresco area overlooks the expansive backyard, providing excellent low maintenance outdoor space. A double carport, garage or workshop and ample off road parking further strengthen the propertys investment credentials, while the wide road verge of more than 80 square metres adds to the sense of space and future potential.
Currently leased at $850 per week until 27 February 2027 with quality tenants in place, this property offers immediate and secure rental income, making it an ideal set and forget investment. The large R20 zoned block also provides long term development or value add potential, subject to relevant approvals.
Perfectly positioned close to multiple parks and within walking distance to local amenities including the popular Pimlott and Strand cafe, the location offers excellent tenant demand. With convenient access to Dianella Plaza, public transport, Coventry Markets, Morley Galleria, schools, childcare centres, major road links, the airport and the Perth CBD, this is a proven investment location with enduring appeal.
This is a rare opportunity to secure a high performing investment on a substantial landholding in one of Dianellas most tightly held streets.
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THE HOME
Three bedrooms
Two bathrooms
Open plan living and dining area
Separate front lounge or theatre room
Large built in wardrobes to two bedrooms
Split system air conditioning units throughout
Large garden shed
Beautifully maintained easy care gardens
Bore reticulated gardens including verge, front and back yard
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LOCATION
Perfectly positioned in Dianella, this home offers easy access to local parks, shopping precincts, cafs and public transport. With schools, recreational facilities and the Perth CBD all within convenient reach, the lifestyle on offer is relaxed, connected and wonderfully low maintenance - making it ideal for professionals, downsizers or investors alike.
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TITLE DETAILS
Lot 124 on Plan 007720
Volume 1261 Folio 786
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CURRENT RENTAL RETURN
Tenanted for $850 per week until 27th of February 2027
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OUTGOINGS
City of Stirling: $1704.19 per annum
Water Corporation: $1,165.13 per annum
The size of Dianella is approximately 10.8 square kilometres. It has 67 parks covering nearly 15.4% of total area. The population of Dianella in 2016 was 23486 people. By 2021 the population was 24169 showing a population growth of 2.9% in the area during that time. The predominant age group in Dianella is 30-39 years. Households in Dianella are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Dianella work in a professional occupation.In 2021, 72.60% of the homes in Dianella were owner-occupied compared with 72.00% in 2016.
Dianella has 12,189 properties. Over the last 5 years, Houses in Dianella have seen a 92.53% increase in median value, while Units have seen a 119.05% increase. As at 31 January 2026:
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