115 Brazier Road, Yanchep WA 6035

1974 build on 809m² coastal block | 400m to beach | 2 bed, large land for expansion | no overlays, low coverage This property presents a rare coastal land opportunity, offering a modest 1974 house on a large 809m² block just 400 metres from Yanchep Beach. Its low building coverage and absence of bushfire or heritage overlays create immediate potential for expansion, renovation, or subdivision, serving the renovator or long-term holder seeking a seaside footprint. The configuration is atypical for the area, being older and smaller than newer stock, which positions it as an entry point into a premium location. The primary cost is the dated dwelling, requiring capital to modernise or reconfigure to realise the land’s value. The rental yield is modest against the estimated value, suggesting holding as a lifestyle purchase or strategic land bank is more logical than a pure investment. Proceed with a plan to develop the asset; holding it as-is concedes value to more improved properties nearby. Recent comparable sales nearby: – 109 Brazier Road: Sold for $1,000,000. This is a larger 4-bedroom, 2-bathroom home on a 908m² block. The direct comparison underscores the value ascribed to larger, modernised homes in the same street, highlighting the significant value gap this property’s land component must bridge.