71 Scott Road, Rangeway WA 6530

1961 build | 816m² level block | 3 bed, 1 bath | Under contract | No overlays This property presents a competitively strong, large residential lot in a convenient location, free of development constraints. Its full building coverage and ground elevation offer a rare, straightforward foundation for expansion or redevelopment within a suburb of predominantly similar stock, serving the practical buyer seeking land value and simplicity over premium finishes. The established neighbourhood proximity to schools and shops supports stable rental demand, with the current estimated yield aligning with area fundamentals. The primary risk is the dated configuration against modern buyer expectations, capping capital growth without investment. The commercial opportunity lies in leveraging the unencumbered block to increase bedroom count or living areas, thereby directly lifting value. Acquire as a long-term hold with a clear improvement plan; its utility is as a land-backed income property, not a passive investment. The under-contract status confirms its market alignment. Recent comparable sales indicate this property’s position. 7 Scott Road, a similar 3 bed, 1 bath on 859m², holds an estimated value of $392,000. This suggests 71 Scott Road, with its higher value estimate, may benefit from its under-contract status or perceived land utility. For buyers, this signals the market is assigning a premium for properties with immediate development potential or superior presentation.