21 Odin Rd, Innaloo is a 2 bedroom, 2 bathroom House. The property has a land size of 1012m2. While the property is not currently for sale or for rent, it was last sold in December 2025. There are other 2 bedroom House sold in Innaloo in the last 12 months.
21 Odin Road is one of the rarest, development sites that has hit the Innaloo market in a long time. It is a renovated 2-bedroom 2-bathroom property on a flat, full quarter-acre/1,012m^2 land holding in the rezoned Innaloo precinct in the heart of Innaloo.
This is a potentially up to 4-storey residential development site, contained within the Sub Precinct Area 2 under the Innaloo Precinct.
The home on this block has been renovated significantly within the last few years into an extremely hospitable abode. It features two bedrooms, two bathrooms, alongside a theatre or potential 3rd bedroom.
The rental potential is estimated to be atleast $800/wk or above, generating significant income for the new owner.
With the first homebuyers 5% deposit scheme being introduced nation wide on October 1st, developing apartments has just become significantly more lucrative, with the price increase moving forward to be greater than otherwise initially anticipated.
The home itself, containing significant value from the renovations, could be cut off the stumps and sold to someone who may transport it onto a vacant block of land. Given building costs and the extent of the housing crisis at the moment, its a very viable option for some, and certainly a value-adding factor which can't be overlooked.
Water Rates: $1,003.28 FY 24/25
Council Rates: $1,648.81 pa
For more informaiton, please contact your Area Specialist Reilly Cunningham on 0415 222 970 or reillyc@areaspecialist.com.au
The size of Innaloo is approximately 3.2 square kilometres. It has 11 parks covering nearly 7.1% of total area. The population of Innaloo in 2016 was 8251 people. By 2021 the population was 9592 showing a population growth of 16.2% in the area during that time. The predominant age group in Innaloo is 30-39 years. Households in Innaloo are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Innaloo work in a professional occupation.In 2021, 57.60% of the homes in Innaloo were owner-occupied compared with 56.80% in 2016.
Innaloo has 6,001 properties. Over the last 5 years, Houses in Innaloo have seen a 91.28% increase in median value, while Units have seen a 89.36% increase. As at 28 February 2026:
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