72 Stockley Road Bunbury WA 6230

Redevelopment timeline uncertain | no liveable rooms | land cost carries premium | demolition adds $50k+ | zoning upside unverified. The property should be treated as a vacant land play, not a dwelling purchase. For a buyer, the $685,000 entry is a premium for a cleared site in a sought-after suburb, but demolition and landscaping costs-estimated $40,000–$70,000-fall on you immediately. You are essentially paying for the land alone; nothing in the existing structure offers shelter or rental income. This only works if your strategy is build-to-occupy or build-to-sell, with a 12–18 month horizon before occupancy. If you need a move-in home, this property is not viable. What is competitive here is the land size-675 square metres in a desirable Bunbury pocket where comparable cleared lots rarely surface. A buyer gains control of a full redevelopment canvas in a location where land supply is tight, meaning future equity is driven by your build quality, not the current wreck. This property suits a boutique builder, an owner-builder, or an investor willing to manage the full project timeline. A professional feasibility study and a fixed-price demolition quote should be your immediate next step to determine if the total all-in cost competes with buying a finished home on a smaller block in the same street.