4 Lyall Street Ascot WA 6104

Built 1968 | 1,821m² block near river trails | Equestrian-ready land | Rarely traded street | No recent comparable sales. The property’s primary buying case rests on its unusually large 1,821m² block in a suburb where land of this scale is scarce, especially with direct access to horse walk trails and the Swan River. The existing equestrian infrastructure and permissive pet policy serve a narrow but motivated buyer segment—those seeking a semi-rural lifestyle within commuting distance of the city. The 1968 build itself is secondary; the land is the competitive edge, offering future subdivision or holding value that a standard house cannot match. For a buyer positioned to use the land as-is or to wait for rezoning, this property offers a rare configuration advantage in Ascot. The principal risk is the property’s illiquid history—last traded in 2002 and on a street with no recent sales to anchor valuation. The buyer pays for the privilege of pricing discovery, and the small 2×1 floorplan limits immediate family use. The commercial logic lies in treating the house as a holding structure: occupy or rent minimally while the land appreciates, or pursue subdivision if zoning permits. The correct use is to buy for the land bank, not the dwelling.