1359 Karnup Road, Serpentine WA 6125

4-hectare rural holding | 3-bed, 2-bath house | long-held since 1998 | close to Serpentine Primary School The buying case rests on the scarcity of a 4-hectare parcel within a stable, owner-occupied street that has seen only two recent sales, and the property’s proximity to Serpentine Primary School. The 3-bedroom, 2-bathroom configuration is practical for a family seeking a semi-rural lifestyle without the maintenance burden of a larger home, and the long ownership period suggests the land has been held through multiple market cycles. This property is best suited to buyers who value land size and location over a modern dwelling and are willing to invest in upgrades or hold for medium-term capital growth. The primary risk is the house itself—its age and condition are unknown, and the 1998 sale date means any improvements are at least 26 years old, which could require significant capital outlay. The high $1 million asking price sits in a wide value band on Karnup Road, where recent sales range from $1.55 million to $3 million, so precise comparable evidence is needed to avoid overpaying. The opportunity lies in the land’s potential for subdivision or rural enterprise, subject to council zoning, and the low turnover street suggests limited future supply. Hold this property as a lifestyle base with a view to either improving the dwelling or, if zoning permits, releasing land value through subdivision in the longer term.