88 Matheson Road, Ascot, WA 6104

Asking $1,050,000

House
Type
3
Bedrooms
1
Bathrooms
2
Parkings
1,055 m²
Area

Last updated on Monday, July 06, 2026 ( See property details for 88 Matheson Road, Ascot, WA 6104)

Asking $1,050,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile 3-bedroom character home on a spacious 1,055 sqm block in Ascot, offering development potential, dual rental income, and prime location near Swan River and city amenities.

🏡 Property Highlights

  • Prime 1,055 sqm land in the sought-after Ascot Racecourse area
  • Potential for dual rental income with existing cottage and stables
  • Excellent development opportunity with established stable buildings
  • Close proximity to Swan River, City, Optus Stadium, Crown Resort, and airports
  • Large residential block ideal for custom family home design
  • Original 1950's character home with high ceilings and ornate finishes

✨ Key Features

  • Open-Plan Living
  • Built-in Robes
  • Ceiling Fans
  • Air Conditioning
  • Outdoor Area
  • Garage / Secure Parking
  • Waterfront / Views
  • Shed
  • Home Office / Study
  • Ensuite

Ascot is a highly desirable suburb renowned for its spacious lifestyle, proximity to the Swan River, and excellent transport links. It offers a peaceful environment with established homes and ample space for families and developers. The area boasts easy access to city amenities, entertainment venues, and outdoor recreational areas. Its large land parcels and stable zoning make it ideal for both lifestyle living and investment. Ascot’s vibrant community and scenic surroundings make it a premier location for families and investors alike.

What are the development possibilities for this large block in Ascot?
The 1,055 sqm land offers ample space for building a custom family home, with potential for dual occupancy or subdivision, subject to council approval.
Can the existing cottage and stables generate rental income?
Yes, the original 1950's cottage and registered stables can provide dual rental income, appealing to both tenants and local racehorse trainers.
What amenities are nearby this property?
The property is conveniently located near Swan River, Optus Stadium, Crown Resort, the Casino, both airports, new train infrastructure, and bus routes, offering excellent lifestyle and transport options.
Is the property suitable for future renovation or extension?
Yes, the character home with high ceilings and ornate features provides a solid foundation for renovation or extension, with plenty of space on the large block.
What are the zoning and planning considerations for this property?
The property is currently operating under R10 density zoning, with potential for development pending approval from the City of Belmont.
Are there any hidden costs or upcoming council fees associated with developing or renovating this property? Have all necessary planning permits and approvals been obtained for the existing structures and potential new builds? Are there any known issues with the property's foundation, drainage, or structural integrity? Is there any history of flooding or bushfire risk in this area? Are there any easements, covenants, or zoning restrictions that could impact future development plans? What are the current and future plans for nearby construction or infrastructure projects that may affect the property? Are there any strata or body corporate considerations if subdividing or developing the land? What are the noise levels and potential disturbances from nearby amenities or transport routes? Are there any environmental or heritage restrictions affecting the property or land use? What are the ongoing maintenance costs for the existing home and structures?

88 Matheson Road, Ascot, WA 6104 - More Details

Asking $1,050,000

And be located in this unbeatable Swan River and Country Style environment.
This unique Ascot Racecourse area provides so much excellent space to build brand new family homes, all being on HUGE residential blocks!

88 MATHESON ROAD, ASCOT gives you 1,055 sqm of prime land and location to develop your new home and lifestyle on.
Be only a short stroll from the Swan River AND just minutes to the City, Optus Stadium, Crown Resort, the Casino PLUS both Airport terminals, new Trainline infrastructure and Bus routes.
Being located so close to all of these area features PLUS both the City and Swan River is definitely the real estate investment positive of Location, Location AND Location!

Established stable buildings are in place at the rear of this property giving you many great design options for the positioning of a future new home.
Retaining these well built stables is ideal for any storage of furniture, gardening supplies and all the tools. Imagine that your perfect backyard shed and home workshop is already here!

Many stunning new homes are freshly built nearby, and they'll be able to provide some great inspiration for any Architect and Builder in creating an individual floor and site plan to highlight a block of this 1,055 sqm size.
Builders like working on these big sites. Having over a quarter acre of land area really gives them plenty of Room to Move for materials and equipment.

Also discover on this large site the solid 1950's original 3 Bedroom cottage style home,
Being built of the Fibro cladding and Tiled roof design which was so popular in that historic era, this old home has always been owner occupied since new and has the potential to provide a strong rental return, along with the 4 registered stables, while waiting for any new building applications and plans to be fully approved by City of Belmont, who are the local council.
Dual rental returns are possible to achieve from this property in it's current state, as vacant stables and day yards are often in demand by the local racehorse trainers in this Residential and Stables zoned area, currently operating to an R10 density code.

Well presented and in original condition, this Character home has 3 reverse cycle air conditioners located throughout, being in the lounge room and two of the main bedrooms.
Jarrah floorboards are also part of this original character, they are just waiting to be sanded back to become a highlight feature.
The wide front verandah plus the high ceilings, ornate cornices and lead lighting finishes provide a welcoming entrance to the home, along with the good street frontage of this 1,055 sqm block. This great space is giving many parking options for any of the lifestyle toys - be it Cars, Horse Floats, Trailers, Boats, Caravans, etc.

Are you wanting to eventually build the best home ever for your family, and be in the ideal lifestyle location to provide a lot of open space for your children?
88 Matheson Road has all the potential to start you on this terrific journey!
Please feel free to reach out and contact Sean Posner for more details on this property and to learn more about this rare location, I have professionally sold and lived in this area for over 31 years now!
Call or text - Sean on 04111 46430 or email direct to [email protected]
Type
House
Bedrooms
3
Bathrooms
1
Parkings
2
Area
1,055 m²

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