4 Parklands Square, Riverton WA 6148

Large established block in Rossmoyne catchment | 1968-built 3×2 with pool | High land component vs new builds | Prime school proximity This property presents a rare opportunity to secure a large, established parcel of land within the tightly held Rossmoyne Senior High School catchment, a primary driver of demand in Riverton. The 797m² block with a 37% building footprint offers significant redevelopment potential or space premium over newer, denser subdivisions. Its configuration best serves a family prioritizing long-term education access and land banking, or an owner-occupier seeking to renovate or rebuild on a sizable lot in a proven location. The decision hinges on accepting the cost of an older dwelling requiring potential updates against the appreciating land value. The commercial logic is the enduring premium for Rossmoyne-zoned land, but you must budget for renovation or holding costs against a softer rental yield. This is a strategic hold for capital growth, not cash flow. Our tailored report would verify its precise valuation against recent lot sales on Parklands Square and assess renovation feasibility or rebuild costs. Recent sales data on Parklands Square indicates strong demand for land in this precinct. For instance, a vacant lot at 2/10 Parklands Square is currently offered from $750,000, providing a direct benchmark for the land value component of this property. This context supports the premium for a larger, established block with an existing house, even if dated.