417 Karrinyup Road

Innaloo WA 6018

Opportunities like this don't just knock they kick the door down. Sitting proudly on a generous 861sqm (approx.) block, these TWO, charming 2 bedroom 1 bathroom duplex halves deliver immediate flexibility and exciting future potential in equal measure. The properties can be offered individually or as a combined package, giving buyers the flexibility to secure one or both depending on their strategy. Whether you're looking to landbank, invest or unlock the site's full development potential, this is an opportunity that can be tailored to suit a range of objectives. Retain both homes as they are and enjoy dual rental income, explore the option of subdividing into three lots (approx. 230sqm, 230sqm and 270sqm) or go big with plans for a contemporary two-storey apartment complex of seven residences with 14 parking bays all subject to relevant local-council and Western Australian Planning Commission (WAPC) approvals. 417 - rent $520 per week lease expires 11/06/2026419 - rent $530 per week lease expires 27/09/2026 (tenant has been in the property since 10/12/2021) The proposed apartment development will play host to two one-bedroom apartments, four two-bedroom apartments and one three-bedroom apartment. Apartment sizes range from 70sqm to 110sqm (approx.) - subject to approvals. Each existing duplex dwelling is comfortably appointed with carport parking, open-plan living areas, their own separate laundries, private outdoor patio entertaining and surprisingly-spacious backyards that enhance their liveability right now. Stroll to bus stops and picturesque Lake Gwelup Reserve from here, with the sprawling Yuluma Reserve and Innaloo Sportsmen Club also nestled right around the corner. A close proximity to top schools - including St Mary's Anglican Girls' School, St Dominic's Primary School, Churchlands Senior High School, Hale School and Newman College - is a bonus, with the property also perched within arm's reach of excellent shopping centres, namely the amazing Karrinyup precinct, Westfield Innaloo and Farmer Jack's at Centuria Gwelup. Convenience to the freeway, Stirling Train Station, cafes, restaurants, public and private golf courses and pristine swimming beaches, Trigg Point and the stunning Scarborough Beach esplanade included, should not be underestimated, either. Whether you're an investor, developer or visionary buyer, this is a rare chance to secure a site where today's returns meet tomorrow's rewards - and the possibilities are as impressive as the parcel of land itself! Features include, but are not limited to: - Two 2x1 duplex halves with carports, open-plan living areas, laundries, patio entertaining and large backyards- Can be sold separately or as part of a combined development package- Opportunity to subdivide into three separate lots (STCA)- Potential to build a multi-dwelling apartment complex (STCA)- Both duplexes can also be rented out or lived in individually- Zoning - R40- Frontage - 20m- Block size - 861sqm (approx.)- Built in 1969 (approx.) Distances to (approx.): - St Dominic's Primary School - 1.7km- Karrinyup Shopping Centre - 1.8km- Stirling Train Station - 2.7km- Perth CBD - 12.4km- Perth Airport (T1 & T2) - 27.7kmWater Rates: 417 - $980.17 Total for 2024 - 2025 financial year419 - $980.17 Total for 2024 - 2025 financial yearCouncil Rates: 417 - $1,640.90 for the 25/26 period (approx.) 419 - $1,640.90 for the 25/26 period (approx.) Disclaimer:All development potential, subdivision options, plans, configurations and dimensions outlined above are indicative only and subject to approval from the relevant local authorities, including the local council and Western Australian Planning Commission (WAPC). No warranty or representation is made as to the accuracy or likelihood of such approvals. Prospective purchasers are encouraged to make their own independent enquiries and undertake their own due diligence in relation to any proposed development or use of the property.