Welcome home to this charming three-bedroom, one-bathroom residence originally built in 1953, set on an enormous 1,315 square metre block in Gosnells. With R30/40 zoning in place, the property offers exciting development potential to subdivide into 4–5 villas (subject to relevant approvals), making it a rare opportunity for both investors and developers. Inside, the home features polished timber flooring throughout its 113 square metres of internal living space, with a comfortable lounge room, open fireplace, and practical kitchen. A welcoming porch adds to the character of the original build, while the bathroom and bedrooms are neat and functional, providing immediate rental income or comfortable living until future redevelopment. Currently leased at $300 per week until January 2026, with a market rent of around $500 per week, the property offers secure income today with scope for strong returns tomorrow. Contact Adam Bettison on 0409 929 128 today for more information.
Property Highlights:
• Three-bedroom, one-bathroom home originally built in 1953
• Massive 1,315 square metre block zoned R30/40
• Potential subdivision into 4–5 villas (subject to relevant approvals)
• 113 square metres of internal living space
• Polished timber flooring throughout
• Open fireplace in lounge room
• Character porch entry
• Large backyard with development scope
Investor Summary:
• Currently leased at $300 per week until January 2026
• Market rent appraisal: approx. $500 per week
• At a purchase price of $849,000 and market rent, gross annual rental yield is approx. 3.06% (future uplift possible)
• Significant development potential adds long-term upside
• Council Rates: Approx. $2,200 p.a.
• Water Rates: Approx. $1,150 p.a.
Location Summary:
• Situated in a well-established pocket of Gosnells
• 1.5 km to Gosnells Train Station for easy CBD access
• Close to shopping, dining, and local services at Gosnells Town Centre
• Nearby schools including Gosnells Primary and Southern River College
• Access to local parks, walking trails, and community facilities
Why you will love it!
With its huge block, zoning potential, and secure lease in place, 16 Evelyn Street represents a rare chance to secure a strong-yielding investment with development upside. Whether you’re holding, developing, or looking to landbank, this property is an outstanding opportunity in the heart of Gosnells.
