Nicole Hindmarsh proudly presents 29 King Drive, Wannanup - a standout investment opportunity offering both strong holding income and exceptional future development potential.
Positioned on a substantial 1,497sqm R20-zoned block, this property provides the flexibility to subdivide (STCA and WAPC approvals), retain the existing dwelling, and develop 2 additional residences at the rear - making it an ideal landbank or value-add project.
Currently leased to reliable long-term tenants who maintain the home to a high standard, the property delivers immediate rental income with a secure lease in place until November 2026 - perfect for investors seeking stability while planning future improvements or subdivision.
The existing home is generously proportioned, featuring:
• 3 bedrooms, 1 bathroom
• Expansive main living area with high ceilings
• Functional kitchen with gas cooktop
• Secondary living space (currently utilised as a 4th bedroom)
• All three bedrooms have built in robes
Additional feature