374 Chapman Road, Bluff Point WA 6530

Character home on rare 1209sqm | R40 zoning | 400m to beach | Partial renovation This property presents a rare consolidation of a large, developable block with an established character home in a tightly held coastal suburb. Its R40 zoning on over 1200 square metres is a significant scarcity in Bluff Point, offering a future strategic advantage whether for subdivision, extension, or simply holding a substantial parcel. The location is fundamentally strong, positioned within walking distance to the beach and primary school, serving an owner-occupier seeking space and charm or a developer acquiring future potential. Your decision hinges on accepting the costs of completing its partial renovation while managing its high-exposure arterial road position. The commercial logic is clear: secure a below-average priced entry into a growth suburb where the land component alone provides a long-term hedge. Proceed with an offer that reflects the required investment to finish the transformation, positioning it as a long-term hold to capitalise on both land scarcity and suburb momentum. Recent sales context is limited but notable. The property itself transacted for $280,000 in January 2024, suggesting significant perceived value-add potential in the current vendor’s position. This recent history underscores the opportunity in its unfinished state, while the absence of direct comparable sales for similar large blocks reinforces their rarity. Your offer must be grounded in this value-creation premise, not just comparisons to standard suburban stock.