63 Lyall St, Redcliffe WA 6104

3x1 Home on 1042 Square Metres - Zoned R20 - Great Potential!

Welcome home to this well-positioned three-bedroom, one-bathroom residence set nicely back from the street on a massive 1,042 square metre block in a highly convenient Redcliffe location. Originally built in 1959, this home has kept some of it's original characteristics and presents very well today with a brick and tile façade and well-laid out design. Currently rented, out, this home provides immediate rental income, and it's zoning of R20 makes this property appealing for it's future potential long-term development appeal.

Zoned R20, the property presents an exciting opportunity for investors, developers and land bankers, with potential for a two-lot site, subject to all relevant approvals. Currently leased at $500 per week until September 2026, the home provides secure income from day one while buyers explore their long-term plans for the site. Buyers are encouraged to make their own enquiries with the relevant council and planning authorities

Designed for functional everyday living, the home features a comfortable lounge and dining area, accessible and spacious modern kitchen, and practical bedrooms with the main bedroom featuring air conditioning. Outside, the property offers excellent space with a large rear patio, generous backyard and a garage/workshop.

With shopping, public transport, train station access and bus routes all nearby, this property delivers a strong combination of location, land size, holding income and future potential.

Key Property Features:
- Three-bedroom, one-bathroom home
- Originally built in 1959
- Brick and tile build
- Massive 1,042 square metre block
- Approximate internal floorspace of 92 square metres
- Zoned R20 with potential as a two-lot site
- Lounge and dining area
- Split-system air-conditioning unit to main bedroom
- Rear patio
- Large rear yard

Investor Summary:
- Currently leased at $500 per week until September 2026
- Secure rental income in place from day one
- Strong appeal to tenants seeking space, convenience and public transport access
- Excellent long-term potential for investors, developers and land bankers
- Opportunity to hold, lease, renovate or explore future development options, subject to all relevant approvals

Development Summary:
- Zoned R30
- Substantial 1,389 square metre block
- Strong development potential
- Potential four-lot site, subject to council approval and buyer due diligence
- Large landholding in a well-connected Maddington location
- Buyers are encouraged to make their own enquiries with the relevant council and planning authorities

Location Summary:
- Positioned in a convenient Redcliffe location
- Close to local shopping centres and everyday amenities
- Easy access to Redcliffe Train Station
- Nearby Costco and Woolworths Perth Airport
- Bus routes nearby
- Close to schools, parks and community facilities
- Well connected to major road links for commuting
- Surrounded by established homes and ongoing local growth

Make an enquiry today to arrange your inspection.