2 Pyp Court, Lancelin WA 6044

Large coastal home | 820m² block | 382m² floor area | 3 bathrooms | Above-median positioning This property offers a rare configuration for Lancelin: a 382-square-metre floor area with three bathrooms on an 820-square-metre block. For a buyer seeking a substantial coastal residence, the internal space and bathroom count create a clear competitive advantage over the typical four-bedroom offering in the area. The property is best suited to a family or downsizer who values generous living areas and multiple bathrooms over a standard suburban layout, and who is prepared to pay above the local median for that edge. The large floor area also suggests the house may function well for dual occupancy or extended family use, which broadens its buyer pool. The primary risk is price positioning relative to the local market, where the median for four-bedroom houses sits around $790,000 and the property is estimated near $1.29 million. That gap means the buyer must rely on the property’s unique size and bathroom count to justify the premium, which may limit future resale liquidity if the market softens. A secondary risk is the secondary school commute of 68 kilometres, which may deter families with older children. On the opportunity side, the property sits in a low-turnover street with only five properties and a heavily owner-occupied demographic, which supports long-term stability. The substantial floor area also leaves room for future value-add through subdivision or reconfiguration, though this would need council confirmation.