47 Lewis Road, Martin WA 6110

Large acreage metro rarity | Multi-generational dual dwelling | Bushfire overlay present | Original interiors need updating This property’s primary strength is its substantial, semi-rural landholding within the metropolitan area, a configuration increasingly scarce and serving a specific buyer seeking space over centrality. The dual dwelling setup provides inherent flexibility for extended family living or income potential, amplifying its utility on a large, level block. It best suits a buyer whose priorities are land size and functional versatility, willing to undertake cosmetic updates to a solidly built, though dated, main residence. The decision hinges on accepting the operational cost and insurance implications of the bushfire overlay, balanced against the land’s long-term scarcity value. The calculated gross rental yield is modest, indicating this property is a capital growth play on land content, not an income vehicle. Proceed with a value-add strategy: secure it for land banking or multi-generational use, budgeting immediately for compliance and modernisation to realise its potential.