A massive frontage, dual school zones, minimal site works, rentable home....It doesn't get much better than this in East Booragoon.
A rare R40 development corner landholding with genuine design flexibility, defined by its scale and dual frontages to Worthington Road and Riseley Street. This is the type of site that developers need to notice, a larger block with strong street presence and a corner configuration that naturally supports cleaner access, better streetscape outcomes and a more premium end product (STCA/relevant approvals).
The zoning framework supports townhouse-style redevelopment and subdivision outcomes, with the corner position providing the flexibility to optimise layout and presentation (STCA/relevant approvals).
Just as importantly, you’re not forced into an immediate build. The existing home is a rentable three-bedroom residence, making it a practical land-banking proposition while plans are prepared. It’s a straightforward holding strategy, income now, planning upside later.
The location underpins the strategy. Karoonda Reserve is down the road, Booragoon Lake is within easy walking distance, LeisureFit Booragoon and Westfield Booragoon is only minutes away. Schooling fundamentals are equally compelling, sitting within the dual Applecross and Rossmoyne Senior High School catchments and the Brentwood Primary School zone.
A development corner opportunity, with a rentable home today and the flexibility to get the outcome right over time.
Don't sleep on this.
