10 Reef Boulevard, Drummond Cove WA 6532

Vacant coastal lot 724m² | Low-density Drummond Cove | Custom build opportunity | No rental income yet This is a competitively positioned vacant lot in a quiet coastal suburb where larger blocks are the norm rather than the exception. At 724 square metres it offers enough space for a substantial detached house with a decent yard, which suits owner-occupiers who want to design their own home in a low-density setting. The lot itself is level and rectangular, which keeps site costs predictable for a future build. Its strongest appeal is to lifestyle buyers and custom builders who value space and coastal proximity over urban convenience. The property sits in a street where detached houses on generous lots are the established pattern, so a new dwelling here would fit naturally into the neighbourhood without feeling out of scale. The absence of any existing dwelling means there is no rental income while the land is held, which may affect cash flow for investors. The price guide of $275,000 should be weighed against the cost of building a house on this block, as the total outlay will determine whether the finished property stacks up against established homes nearby. Buyers should also consider that vacant land in this part of Drummond Cove may take longer to sell than an improved house, particularly if lending conditions tighten or if demand shifts toward move-in ready stock. The lot’s value is tied directly to what can be built on it and how that compares to other options in the same price bracket.