Sold
21 Odin Road, Innaloo WA 6018
Sold price: $1,650,000
Sold: 04 Dec 2025
Sold
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2 Bedrooms
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2 Bathrooms
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Landsize 1,012m2
House
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Rare Quarter-Acre Site Permissible for 4-Storey Residential Development!
21 Odin Road is one of the rarest, development sites that has hit the Innaloo market in a long time. It is a renovated 2-bedroom 2-bathroom property on a flat, full quarter-acre/1,012m^2 land holding in the rezoned Innaloo precinct in the heart of Innaloo.
This is a potentially up to 4-storey residential development site, contained within the Sub Precinct Area 2 under the Innaloo Precinct.
The home on this block has been renovated significantly within the last few years into an extremely hospitable abode. It features two bedrooms, two bathrooms, alongside a theatre or potential 3rd bedroom.
The rental potential is estimated to be atleast $800/wk or above, generating significant income for the new owner.
With the first homebuyers 5% deposit scheme being introduced nation wide on October 1st, developing apartments has just become significantly more lucrative, with the price increase moving forward to be greater than otherwise initially anticipated.
The home itself, containing significant value from the renovations, could be cut off the stumps and sold to someone who may transport it onto a vacant block of land. Given building costs and the extent of the housing crisis at the moment, its a very viable option for some, and certainly a value-adding factor which can't be overlooked.
Water Rates: $1,003.28 FY 24/25
Council Rates: $1,648.81 pa
For more informaiton, please contact your Area Specialist Reilly Cunningham on 0415 222 970 or [email protected]
Property snapshot by reiwa.com
This property at 21 Odin Road, Innaloo is a two bedroom, two bathroom house sold by Reilly Cunningham and Natalie Snooks at Area Specialist PTY LTD on 04 Dec 2025.
Looking to buy a similar property in the area? View other two bedroom properties for sale in Innaloo or see other recently sold properties in Innaloo.
Nearby schools
Innaloo overview
Innaloo is a mixed-use suburb 10 kilometres from Perth City. It is bound by Karrinyup Road to the north, Mitchell Freeway to the east, Scarborough Beach Road to the south and Huntriss Road to the west. Extensive development of Innaloo began in the 1940s, with many of the homes that stand today renovated or restored versions of the original heritage buildings.
Life in Innaloo
With the beach close by as well as major shopping and retail facilities, Innaloo provides an enviable mix of urban and suburban benefits. Westfield Innaloo Shopping Centre is a central fixture of the suburb and is a major retail and commercial centre within the Perth metropolitan area. Parks and walkways feature throughout as well as recreational facilities, primary schools and other smaller shopping facilities.
Innaloo quick stats
High end
$1.3m
Median
$1.0m
Low end
$900k
15.3 %
Annual growth
$1.0m
Annual median sales price
$860pw
Annual median rental price
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