3 Leonard Way Yanchep WA 6035

Two-storey beachside house | Old Lagoon enclave | recent renovation | 953sqm lot | short beach walk This property occupies a rare position in Yanchep’s Old Lagoon enclave, where large lots and direct coastal proximity are increasingly scarce. The 953-square-metre site is the standout structural advantage: it offers lateral space for a family that wants both a two-storey residence and room for outdoor living, parking, or future subdivision potential. The recent renovation has lifted the internal configuration to four bedrooms, resolving the previous three-bedroom limitation and aligning the house with current family demand in this price bracket. For a buyer seeking a beachside home that can accommodate vehicles, guests, and children without compromise, this house competes strongly against newer but smaller infill product. The main risk is the price gap between the $1.55-million-plus asking and the estimated $1.44-million value, which suggests the renovation premium may already be fully priced in. The buyer should verify whether the works included structural upgrades or only cosmetic finishes, as the latter would not justify the margin. The short days on market and varied bedroom counts across sources indicate the property may still be finding its buyer. A strategic approach is to test vendor motivation through a pre-offer building and pest inspection, then negotiate from a position of informed cost certainty. This property is best held as a long-term coastal family home rather than a short-term flip.