18 Teraglin Vsta, Yanchep WA 6035

Lagoon Estate coastal position | 800m² lot with pool | 4-bed, 2-bath family home | 2001 build on 23% coverage This property’s primary strength is its positioning within the prestigious, beachside Lagoon Estate, offering a rare combination of an 800-square-metre parcel and a private pool within walking distance to the coastline. The 185-square-metre, single-level home on a low-coverage block presents a solid foundation for a family seeking space and coastal lifestyle, with potential for expansion or renovation given the generous land ratio. It serves buyers prioritizing land size and location over a new build, particularly those looking for a long-term family home in a established, quality neighbourhood. The central risk is the significant price appreciation since its last sale, demanding scrutiny to ensure the premium aligns with tangible value beyond the general market movement. The discrepancy in bedroom counts across listings requires physical verification. The opportunity lies in securing a large, well-located lot in a sought-after estate, where future capital growth will be driven by land value and scarcity. Proceed with a conditional offer contingent on a building inspection and a clear title review, targeting a hold period of seven to ten years to absorb acquisition costs. Our analysis can benchmark this against verified sales and detail locality-specific risks for insurance and valuation. * Last sold August 2024 for $820,000. * Currently listed at $1,200,000. This indicates a rapid nominal appreciation, underscoring the need to validate this premium against recent, comparable estate sales to distinguish market-wide growth from property-specific value.