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A sound investment
An exceptional and strategic opportunity in one of Perth's most tightly held suburbs. This level 790sqm block, zoned R40, offers outstanding potential for future development (subject to WAPC and Council approval) in a premium lifestyle location just meters from Garden City and key transport corridors.
The existing home features four bedrooms, two bathrooms, and two separate living zones. Currently leased at $1,000 per week, it provides a solid rental return, making it a smart land banking option with immediate income.
Perfectly positioned within walking distance of Garden City Shopping Centre, Riseley Street cafés, parklands, and public transport, the property also sits within highly sought-after school catchments Ardross and Mount Pleasant Primary, and Applecross Senior High School.
With R40 zoning, surging demand for quality infill, and strong local growth, this is a rare chance to secure a blue-chip development site in a suburb that consistently delivers.
Opportunities like this are few and far between.
Property features
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Carports
3
Property snapshot by reiwa.com
This property at 118 Riseley Street, Ardross is a four bedroom, two bathroom house sold by Matthew Podesta and Lee Riddell at Mont Property on 30 Jul 2025.
Looking to buy a similar property in the area? View other four bedroom properties for sale in Ardross or see other recently sold properties in Ardross.
Nearby schools
Ardross overview
Are you interested in buying, renting or investing in Ardross? Here at REIWA, we recognise that choosing the right suburb is not an easy choice.
To provide an understanding of the kind of lifestyle Ardross offers, we've collated all the relevant market information, key facts, demographics and statistics to help you make a confident and informed decision.
Our interactive map allows you to delve deeper into this suburb and locate points of interest like transport, schools and amenities.
Ardross quick stats
High end
$2.3m
Median
$1.9m
Low end
$1.5m
9.2 %
Annual growth
$1.9m
Annual median sales price
$1,187pw
Annual median rental price
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