140 Chauvel Road, Kendenup WA 6323

Vacant residential block | ready-to-build | 300m to primary school | sealed road frontage | among three adjacent lots This property presents a competitively priced entry into a regional market demonstrating strong growth, primarily serving families or builders seeking proximity to the local school. Its cleared, level condition and position within a small cluster of available blocks offer immediate utility and potential for scale. The sealed road and available power reduce initial development hurdles, positioning a buyer for a straightforward construction process or a strategic land bank holding. Your decision hinges on accepting the costs of a mandatory septic system and the bushfire overlay, which impose specific construction standards and ongoing maintenance liabilities. The substantial disparity between the current asking price and the estimated end-value with a house suggests significant equity potential upon development, but only if you execute a build. Acquire this strictly as a development site or a long-term land holding; its value is unlocked only through construction, not passive speculation. Recent sales data shows the block last sold for $26,000 in November 2021, against a current asking price near $90,000. While direct comparable land sales are limited, the adjacent blocks being marketed simultaneously indicate developer segmentation of a larger parcel. This history implies substantial vendor margin expectation, necessitating rigorous due diligence on current vacant land values in Kendenup to justify the premium.