22 Forbury Street, Lakelands WA 6180
22 Forbury Street, Lakelands WA 6180
Vacant boutique lot | Lakelands development | Near coastline | Limited comparables
This vacant land represents a rare opportunity to secure a lot within a boutique, native woodland-framed development close to the coast, a combination that typically attracts owner-occupiers seeking a tailored build in a curated environment. The absence of recent, direct comparable sales for similar lots, however, complicates establishing a clear market value and suggests a purchase requires confidence in the developer’s premium positioning rather than relying on established suburb sales data.
Proceed only if you intend to build a permanent residence capitalising on the setting, accepting the illiquidity and valuation opacity inherent in a niche product with limited sales evidence. The commercial logic relies entirely on the future desirability of the completed enclave, not current income or yield; treat this as a long-term land bank for a specific home, not a tradable property.
Detailed Independent Property Report prepared by PropCred Analyst team for 22 Forbury Street, Lakelands WA 6180
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Lakelands is a tightly held family suburb experiencing robust demand and strong price appreciation. The market is characterised by very low stock levels, leading to rapid sales and competitive leasing conditions. This dynamic is driven by sustained interest from owner-occupier families, supported by ongoing local development. Future growth is underpinned by these demographic fundamentals and infrastructure links, though the market’s sensitivity to interest rates and constrained supply present notable constraints on affordability and availability.
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PropCred Estimated Value
Bedrooms
-
Bathroom
-
Parking
-
Land
15.5 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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