3 Gillen Chase, Lakelands WA 6180
3 Gillen Chase, Lakelands WA 6180
Blank canvas | lake views | rare 1800m² block | elevated position | strong suburb growth
This property offers a rare combination of scale and positioning that is increasingly difficult to find in Lakelands. The 1800m² lot with a 35-metre frontage and elevated views over Yindana Park and Lake provides a genuine competitive edge for a custom home builder seeking a site without bushfire, flood, or heritage constraints. The suburb’s 18.1% annual growth and 4.5% rental yield confirm strong demand, and the block’s size and lack of typical encumbrances mean it can accommodate a wide range of designs, making it suitable for an owner-occupier wanting a long-term family home or a developer looking to hold for capital appreciation.
The primary risk is the recent rapid price increase—from $395,000 in 2021 to $670,000 in October 2024—which may limit short-term upside if market conditions soften. However, the scarcity of large elevated lots in this corridor and the absence of overlay restrictions create a strong holding position. The property is best used as a long-term land bank for a custom build, with the option to subdivide or develop later if zoning permits. Hold for at least five years to capture the next growth cycle.
Detailed Independent Property Report prepared by PropCred Analyst team for 3 Gillen Chase, Lakelands WA 6180
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
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
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Parking
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Land
1800m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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