449 Karrinyup Road, Innaloo, WA 6018

Set within one of Innaloo’s most tightly held and strategically positioned corridors, this exceptional 810m² property represents a compelling combination of immediate income, long-term capital growth, and strategic development potential.

Occupying a large landholding with R40 zoning with potential to develop three new triplex homes, the property currently comprises a leased three-bedroom residence, delivering secure holding income while you plan for the future.

Whether your vision is to execute a strategic development or simply secure a premium landholding in a proven growth precinct, the scale and positioning here represent a sophisticated acquisition for buyers who understand the enduring appeal of coastal proximity, infrastructure investment, and land value upside.

Investment & Development Credentials

• Zoned R40: High-density zoning offering unique scope for site development (subject to council approvals).

• Immediate Cash Flow: Existing leased dwelling providing immediate rental income during the planning and approval phases.

• High-Demand Coastal Suburb: Positioned in a premium corridor with strong underlying land value growth.

• Strategic Acquisition: Ideal for investors, long-term land bankers, or developers looking to maximize land use.

An Elevated Lifestyle Setting

Moments from your doorstep lies the award-winning Karrinyup Shopping Centre — a benchmark in Perth retail and lifestyle precincts. Following its landmark redevelopment, it now offers a curated mix of luxury retail, flagship brands, artisan dining, rooftop entertainment, cinemas, and wellness experiences — delivering a lifestyle more commonly associated with inner-city living.

The coastline, however, is what truly defines this location. Within minutes, you can immerse yourself in the pristine waters of Mettams Pool, enjoy the natural beauty and surf culture of Trigg Beach, or embrace the vibrant beachfront scene of Scarborough Beach, where dining, entertainment, and recreation converge along one of Perth’s most iconic stretches of coastline.

Families are exceptionally well catered for, with access to highly regarded schooling options including Yuluma Primary School, Deanmore Primary School, and St Dominic's School, alongside sought-after secondary institutions such as Churchlands Senior High School and Carine Senior High School.

For leisure and open space, nearby reserves including Birralee Reserve and Abbett Park Reserve provide beautifully maintained parklands, sporting facilities, and recreational amenity.

A Strategic Acquisition & Planning Disclosure

Opportunities of this calibre — combining blue-chip coastal positioning, strong holding income, and R40 land value upside — are tightly held and increasingly scarce. This is a forward-looking investment focused on location, land area, and long-term value creation.

Please note: This property is identified on the City of Stirling Local Heritage Survey as a Category 2A listing. This planning classification means that any future development proposals, modifications, or demolition requests are subject to a formal Heritage Assessment and require approval from the City of Stirling Council before any structural works can proceed. The seller has received positive communications from City of Stirling in relation to the development of the site and these can be provided upon request.

DISCLAIMER: Whilst every care has been taken with the preparation of the particulars contained in the information supplied, neither the Agent nor the Seller guarantee their accuracy. The particulars of this advertisement are supplied for general information only and shall not be taken as representation in any respect on the part of the Seller or their Agent nor form part of any contract. Prospective clients should carry out their own independent due diligence to ensure the information provided is correct and meets their expectations.

Type

House

Bedrooms

4

Bathrooms

1

Parkings

1

Area

810 m²