6 Wattlebird Place, Brookdale WA 6112

Established family home | Large 723m² block | R15/25 zoning potential | No overlays | Strong rental yield This property presents a competitively strong proposition as a large, unencumbered block in a established location. The 723m² green title lot with R15/25 zoning offers clear future subdivision potential, a rare find without bushfire or flood constraints. Its four-bedroom layout and reliable connectivity suit an owner-occupier seeking space or an investor targeting the family rental market, supported by a high estimated rental yield relative to the asking price. Proceed with caution, as the primary risk mechanism is the significant price variance between the recent sale and current listing. The vendor’s expectation appears sharply elevated, creating immediate equity risk. The commercial logic lies in acquiring the underlying land value with a depreciated 1992-built house. Secure this only at a price aligned with the lower valuation range, treating it as a land bank with immediate income cover from the existing dwelling. Recent sales data indicates volatility. The property sold for approximately $540,000, was listed at $500,000 in February 2024, and is now marketed at $799,000. This rapid repricing demands scrutiny; the current ask requires justification through substantial, unlisted improvements or a shifting market peak not evidenced elsewhere.