Retain, Build or Landbank - Outstanding Development Potential

Properties like 5 Warren Road, Maida Vale are among the most sought-after opportunities in the current market. Offering genuine subdivision potential, this property sits on a flat and level 814sqm (aprx.) block with R12.5/R30 zoning, presenting excellent retain-and-build possibilities for developers, investors, and forward-thinking buyers.

The existing home is well positioned on the block and provides access down both sides of the property, giving you flexibility when planning a future rear development. With only the carport on the left-hand side needing removal, the pathway to creating a second residence at the rear is already largely in place. Opportunities like this, where the development potential is so clear, are becoming increasingly rare.

The home itself is comfortable and functional, making it ideal for young tradies seeking a renovation project or investors looking for an immediate rental while planning future development. Inside you’ll find three well-sized bedrooms, solid timber flooring, and multiple living areas, offering a practical layout for singles, couples, or young families. Outside there is also drive in access to a large workshop which offers extra parking or storage. With some thoughtful updates, the property could easily be transformed into something truly special.

While the home provides great value, the true appeal lies in the land. With the current zoning allowing for additional development, a strong trend right now is from forward thinking local homeowners looking to secure a sub-divisible property for their kids in the future. As a parent of 3 I can relate, as everyone is wondering how the kids will ever get started with prices skyrocketing. Recent sales evidence suggests that rear block (once developed) would be worth close to $400,000, highlighting the strong potential upside.

Located in the increasingly popular suburb of Maida Vale, the property appeals to a wide range of buyers. It is particularly attractive to those moving down from the Kalamunda hills looking for a more manageable block, as well as first-home buyers seeking an affordable entry point into a well-connected foothills community. The suburb offers great schools, a strong community atmosphere, and convenient transport links, making it an excellent place to live or invest.

Opportunities like this do not come along often.

For more information, contact Glen Newland or Abbey Fisher.

Disclaimer: Whilst every care has been taken in the preparation of this advertisement, accuracy cannot be guaranteed. To the best of our knowledge the information listed is true and accurate however may be subject to change without warning at any time and this is often out of our control. Prospective tenants & purchasers should make their own enquiries to satisfy themselves on all pertinent matters. Details herein do not constitute any representation by the Owner or the agent and are expressly excluded from any contract.

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