22 Magnolia Way, Lakelands WA 6180

Recent build on large lot | Potential duplex configuration | Limited comparable sales | Suburban growth area This property presents a strategic entry into Lakelands, characterized by its new construction on a substantial lot relative to its floor area. The configuration suggests a dwelling outside standard classifications, potentially a studio or granny flat, which serves a niche buyer seeking a low-maintenance base or investment in a developing suburb. Its strongest position is the 2025 build date, eliminating immediate capital expenditure, and the lot size offers latent value for expansion or subdivision, subject to zoning. This suits an investor targeting modern, affordable housing or an owner-occupant comfortable with a compact layout. The primary risk is illiquidity from non-standard specifications, which narrows the buyer pool and may challenge future financing valuations. The absence of bedroom and bathroom data requires immediate physical verification to confirm usability. The opportunity lies in securing a newer property below typical house prices in an area with demonstrated transaction activity. Acquire this for long-term hold to benefit from suburban maturation, but only after a detailed building and zoning review to confirm its development potential or functional adequacy. Comparable sales on Magnolia Way show: • 12 Magnolia Way (0 bed, 0 bath) sold for $315,000 in April 2025. • 5 Magnolia Way, a large duplex lot, holds an estimated value of $1,041,000. The subject property’s $328,000 sale price aligns closely with the only direct comparable, indicating a stable, if narrow, benchmark for such unique configurations in this immediate locale.