3 Gillen Chase, Lakelands WA 6180

Blank canvas | lake views | rare 1800m² block | elevated position | strong suburb growth This property offers a rare combination of scale and positioning that is increasingly difficult to find in Lakelands. The 1800m² lot with a 35-metre frontage and elevated views over Yindana Park and Lake provides a genuine competitive edge for a custom home builder seeking a site without bushfire, flood, or heritage constraints. The suburb’s 18.1% annual growth and 4.5% rental yield confirm strong demand, and the block’s size and lack of typical encumbrances mean it can accommodate a wide range of designs, making it suitable for an owner-occupier wanting a long-term family home or a developer looking to hold for capital appreciation. The primary risk is the recent rapid price increase—from $395,000 in 2021 to $670,000 in October 2024—which may limit short-term upside if market conditions soften. However, the scarcity of large elevated lots in this corridor and the absence of overlay restrictions create a strong holding position. The property is best used as a long-term land bank for a custom build, with the option to subdivide or develop later if zoning permits. Hold for at least five years to capture the next growth cycle.