28 Olive Road, Falcon WA 6210

Vacant R60 coastal block | Flat, cleared, rectangular | 1295sqm exceeds local norms | Falcon minutes to beach This property’s primary strength is its rare combination of a large, flat, and development-ready parcel with R60 zoning in a tightly held coastal suburb. The zoning permits higher density than standard residential lots, creating a tangible strategic advantage for a builder-developer or an investor seeking a multi-unit project. The efficient rectangular layout and cleared condition significantly reduce holding costs and site preparation complexity, positioning it as an efficient capital deployment. It serves a buyer with commercial intent, not a standard home seeker. The principal risk is the discrepancy regarding an existing structure, implying a potential demolition cost not priced into the vacant land listing. The opportunity lies in capitalising on the acute regional demand for higher-density housing on a scarce, scaled parcel. The commercial logic is clear: hold for capital appreciation driven by zoning, or develop to realise the density premium. Acquire strictly as a development site or strategic land bank. * **26 Ivanhoe Crescent, Falcon:** 3 bed, 2 bath house for sale. Price not listed, but indicates established housing demand in the locale. * **Olive Road median prices:** Available via street report, providing essential context for land value trends in this specific street. The listed Ivanhoe Crescent property confirms Falcon’s active market for housing, while the available street-level sales history for Olive Road itself is the critical dataset for validating the asking price of the subject lot against recent local transactions.