150 Gingin Road, Lancelin WA 6044
150 Gingin Road, Lancelin WA 6044
| Bushfire risk detected | High lot coverage | Older build (1985) | 3 car spaces
This property carries a defined bushfire overlay that introduces site-specific compliance costs and may restrict future development or insurance terms. The 38% lot coverage limits redevelopment or extension potential without significant design concessions. The open fireplace and 1985 construction will require capital for energy efficiency upgrades and modernisation. For an investor or owner-occupier, this property functions best as a hold for lifestyle use in a tightly held coastal pocket, not as a speculative short-term play.
What gives this house rare competitive ground is the full 1,012mΒ² lot with pool, courtyard, and reliable NBN in a suburb where 66% of residents are owner-occupiers and inventory turns in 34 days. The separation of 4 bedrooms and multiple car spaces serves a family or downsizer seeking permanent coastal living without strata constraints. The logical next step is to verify the bushfire management plan cost and commission a building inspection focused on 1985-era roof and electrical systems before submitting an offer.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Lancelin is a small coastal community positioned north of Perth, characterised by a mature demographic. Demand is currently strong, evidenced by exceptionally rapid sales and significant recent price appreciation. This market activity suggests robust buyer interest, likely driven by its coastal lifestyle appeal. Future growth may be supported by sustained demand for regional coastal properties, though affordability considerations and limited sales volume present inherent market constraints.