27 Sussex Road, Forrestfield WA 6058

Large 1011m² lot in Forrestfield | 1965-built 3×1 house | High side elevation | No overlays | Zoned residential This property’s primary strength is its substantial 1011 square metre residential lot, a rarity against newer subdivisions, offering immediate utility and long-term subdivision potential. Its absence of bushfire or flood overlays simplifies due diligence, while the elevated position provides a practical advantage. This house best serves a buyer seeking land value over modern fixtures, ideal for a long-hold investment or a future rebuild. The 1965 construction necessitates a rigorous building inspection, as renovation costs could rapidly absorb the land value premium. The commercial logic is to acquire the lot at a price that reflects its age, banking the land appreciation. Treat this as a land purchase with a temporary house; its holding value is secure, but its income yield is secondary. Comparable sales nearby: – 15C Sussex Road: Sold March 2026 for $820,000. A newer (2016) 3×2 on a smaller, low-maintenance block. – 27 Dorchester Road: Estimated $828,000. A similar 3×1 on a 794m² lot. These confirm the market pays a premium for newer builds on smaller lots. This subject property’s value is anchored by its larger land parcel, justifying its price positioning against modern but land-constrained alternatives.