122 Fendam Street, Warnbro WA 6169

Large coastal block | 4 bed family home | Rare 2908sqm landholding | Moments to beach | Substantial privacy This property’s primary strength is its exceptional land size within a coastal lifestyle setting, offering a rare combination of privacy and expansion potential unmatched by typical suburban lots. The 4-bedroom, 2-bathroom house serves as a functional base, but the significant 2908 square metre parcel is the core value, positioning it ideally for a buyer seeking a long-term family compound, future subdivision subject to zoning, or simply vast private space near the water. The decision hinges on the cost of holding and realizing the land’s potential. You pay a premium for future optionality, carrying high holding costs and council rates for the unused land area until development. The bedroom discrepancy in records and the 1997 last sale at $85,000 signal a property that has been held long-term, likely requiring capital investment. Proceed only with a confirmed subdivision feasibility study and building cost assessment; otherwise, the land premium is unjustified. This is a strategic land bank purchase, not a turn-key home. Nearby comparable at 164 Fendam Street shows a 4-bedroom, 1-bathroom house on an 820sqm lot. This starkly illustrates the subject property’s land premium; you are acquiring over three times the land area, which explains the significant value differential. The local market clearly prices substantial landholdings at a steep premium, validating the asking position for this unique parcel.