20 Wayford Circle, Hocking WA 6065

Vacant land | 451 sqm block | Quiet family street | Flexible modern home design | Hocking suburb This property presents a competitively strong opportunity as a blank canvas in a highly desirable suburb. Its generous frontage and functional shape provide a rare flexibility for custom home design, serving a buyer seeking to build a specific lifestyle without compromise. The quiet, family-friendly street positioning within Wanneroo council reinforces its appeal to owner-occupiers, capitalising on established local amenities. The primary decision mechanism is the premium for potential, as you are paying for land value without a depreciating structure. The key risk is the lack of recent comparable sales data for similar vacant blocks, making precise valuation difficult and potentially costing the buyer in a negotiated purchase. Proceed by securing a current valuation and a full due diligence report to clarify locality risks, zoning, and true market position, ensuring your offer reflects the land’s standalone worth. A nearby property at 2 Wayford Circle, a larger 601 sqm block with two car spaces, holds an estimated value of $1,063,000. This suggests a strong underlying land value in the immediate area, though the subject property’s smaller size necessitates a direct, per-square-metre comparison to anchor your offer.