63 Lyall St, Redcliffe WA 6104

3x1 Home on 1,042m² R20 Block with Holding Income and Future Potential

Welcome home to this well-positioned three-bedroom, one-bathroom residence, set back from the street on an impressive 1,042m² block in a convenient Redcliffe location.

Originally built in 1959, the home retains some of its original character while offering a practical and surprisingly spacious internal layout of approximately 115m². The updated floorplan confirms three generously proportioned bedrooms, a separate living room, dedicated dining room, central kitchen, family bathroom, separate toilet and a large laundry.

Currently leased at $500 per week until September 2026, the property provides secure rental income from day one and presents an appealing opportunity for investors, developers and long-term land bankers.

Zoned R20, the substantial landholding may offer the potential to be subdivided into two lots, subject to approval from the City of Belmont, the Western Australian Planning Commission and any other relevant authorities. Buyers are encouraged to undertake their own investigations and due diligence regarding the subdivision and development potential of the property.

Inside, the dedicated living room provides plenty of space to relax, while the separate dining room connects conveniently with the centrally positioned kitchen. All three bedrooms are well-sized, including one measuring approximately 4.01m by 4.01m, giving the home a comfortable and functional feel throughout.

The family bathroom includes both a bath and shower, while a separate toilet, dedicated laundry and hallway storage add to the home’s everyday practicality.

Outside, the expansive block offers a large rear patio, generous backyard and a garage or workshop area, providing plenty of space for tenants, families or future plans.

With Redcliffe Train Station, shopping, schools, parks, public transport and major road connections all nearby, this property delivers an attractive combination of land size, holding income, convenience and long-term opportunity.

Property Highlights:
- Three-bedroom, one-bathroom home, built in 1959 originally
- Traditional brick-and-tile construction
- Substantial 1,042m² block
- Approximately 115m² of internal floor area
- Zoned R20
- Potential two-lot subdivision, subject to all relevant approvals
- Spacious separate living room
- Dedicated dining room
- Centrally positioned kitchen
- Separate toilet
- Three generously proportioned bedrooms
- Family bathroom with bath and shower
- Large dedicated laundry
- Built-in hallway storage
- Rear patio
- Expansive backyard
- Garage or workshop area
- Set back from the street

Investor Summary:
- Currently leased at $500 per week until September 2026
- Estimated market rent of approximately $620 to $660 per week
- Secure holding income in place from settlement
- Strong tenant appeal due to the generous internal layout and land size
- Convenient access to public transport, shopping and major employment hubs
- Opportunity to hold, lease, renovate or investigate future development
- Suitable for investors, developers and long-term land bankers

Development Summary:
- Zoned R20
- Substantial 1,042m² landholding
- Potential to subdivide into two lots, subject to all relevant approvals
- Existing home provides holding income while future options are considered
- Subdivision and development potential remains subject to the City of Belmont, the Western Australian Planning Commission and any other relevant authorities
- Buyers should complete their own investigations and due diligence before purchasing

Location Summary:
- Conveniently positioned in Redcliffe
- Easy access to Redcliffe Train Station
- Close to local shops and everyday amenities
- Nearby Costco, Belmont Forum and Perth Airport
- Public bus routes nearby
- Close to local schools, parks and community facilities
- Well connected to major arterial roads and surrounding employment hubs
- Surrounded by established homes and ongoing local growth

Why You Will Love It:
With three generous bedrooms, a separate living room, approximately 115m² of internal space and an impressive 1,042m² block, this property delivers room to move and genuine long-term flexibility.

The existing lease provides immediate income, while the R20 zoning gives buyers the opportunity to investigate future subdivision options. Whether you are looking to invest, land bank, renovate or plan for the future, 63 Lyall Street offers an exciting opportunity in a well-connected Redcliffe location.