59 Lochside Drive, West Lakes SA 5021

Subdivided lakefront parcel | main house plus vacant lot | dual-occupancy potential | tightly held West Lakes strip This property presents a rare configuration in a tightly held waterfront pocket. The combination of a four-bedroom house and a separate vacant lot on the same title creates a dual-occupancy opportunity that most lakefront listings cannot match. For a buyer seeking either a principal residence with a buildable second lot or a development play in a low-supply location, the underlying land value and positioning on the water’s edge give it structural advantage. The 240-square-metre internal area in the house is generous for the suburb, and the 694-square-metre total block offers flexibility that a standard house cannot. It suits a buyer who values optionality over turnkey perfection. The primary risk is the unresolved subdivision status and the inconsistency in lot dimensions across sources, which may delay settlement or add legal costs. The buyer should budget for a full survey and title review before exchange. The house itself may require updating, as no recent interior details are available. On the opportunity side, the vacant lot alone commands strong demand in this street, and holding both portions allows the buyer to sell the lot after a short hold or build a second dwelling for rental income. The lakefront position with park views further supports long-term capital growth in this corridor. Hold for land banking or develop the lot for immediate equity gain.