129 Station Street, Martin WA 6110

Expansive 1.52ha lot with 3 bed 1 bath house; bushfire overlay present; rental est $665pw. Address: 129 Station Street, Martin WA 6110. 3 bedroom 1 bathroom house covers just 3% of the 1.52 hectare lot, leaving vast space for a new build, renovation or long-term hold. Positioned in rural-residential Martin, it blends country acreage with city access via Tonkin Highway, Gosnells town centre 5km away and Perth airport 20km north. Reliable NBN fibre and 5G coverage support remote work or family needs. Suits acreage buyers seeking lifestyle space, developers eyeing subdivision potential or investors chasing land banking amid 12.9% local annual growth. Young families fit well with demographics showing 30% aged 20-39 and 17% under 20; nearby schools include South East Language Development Centre (K-6 government, 2.9km), Lumen Christi College (independent, 4km). Demand leans steady for large blocks like this, with quick recent sales signaling buyer interest in expansive sites over urban density. Location advantages include proximity to Canning River for recreation, Korung National Park trails and minimal urban sprawl preserving a rural vibe. Disadvantages involve bushfire risk overlay requiring mitigation, plus distance from daily amenities driving car reliance. No flood or heritage issues noted. Rental yield potential around 2.3% at $665 weekly offers low but stable income while values appreciate. Growth drivers stem from Perth southeast expansion, highway links boosting commuter appeal and scarce large lots fueling premium pricing. Nearby new projects heighten land scarcity. Opportunities lie in a custom dream home on cleared space, future rezoning or flipping post-renovation. Risks include bushfire management costs, renovation expenses on the original structure and softening if interest rates curb acreage demand. Overall, strong positioning for patient holders in a supply-tight market.