1 Lawrence Place Lancelin WA 6044
1 Lawrence Place Lancelin WA 6044
3-bed house | 780m² lot | 5 car spaces | Last sold 2004
This property presents a basic dwelling on a large block, offering significant expansion or redevelopment potential due to its land size and ample parking. It suits a buyer seeking a coastal land bank, a renovator, or someone valuing outdoor space over internal finishes. The long ownership period suggests motivated vendors, but the inconsistent internal area reports require verification.
The primary risk is the undefined market position due to absent comparable sales and locality data, making valuation speculative. Proceed only with a structured due diligence process to establish a current price ceiling. A propcred report would ground your offer with a real market valuation and uncover locality risks, building checks, and insurance implications critical for this isolated listing.
Detailed Independent Property Report prepared by PropCred Analyst team for 1 Lawrence Place Lancelin WA 6044
Checks found:
Value Risk
!
1
Liquidity Risk
!
1
Planning Risk
✕
2
Income Risk
✕
2
Execution Risk
✓
Insight: 1 Lawrence Place Lancelin WA 6044
Lancelin is a small coastal community positioned north of Perth, characterised by a mature demographic. Demand is currently strong, evidenced by exceptionally rapid sales and significant recent price appreciation. This market activity suggests robust buyer interest, likely driven by its coastal lifestyle appeal. Future growth may be supported by sustained demand for regional coastal properties, though affordability considerations and limited sales volume present inherent market constraints.
PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
5
Land
780m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst