61 Lacey Street, Whyalla SA 5600

3 bedrooms | 146 sqm internal | 1,229 sqm land | For Sale | Whyalla council area This property presents a substantial land holding within a residential setting, offering a functional three-bedroom layout on a block significantly larger than typical suburban lots. This configuration suits a buyer seeking space for extension, outdoor use, or simply a greater sense of privacy. The absence of detailed condition reports necessitates a thorough building inspection, but the core offering is land value with a liveable house, positioning it for an owner-occupier wanting room to grow or a long-term holder. The primary risk is the valuation gap, with the current asking price reflecting a notable increase from its 2022 purchase. This requires verification against recent local sales to justify the premium. The opportunity lies in securing a large parcel; if the price aligns with verified land values in the area, the property can serve as a durable holding. Proceed only with a conditional offer following an independent valuation and building inspection, as the lack of data on construction age and condition materially shifts due diligence costs to the buyer. The sales history shows one transaction. The property last sold for $356,000 in June 2022. The current estimated value is approximately 35% higher. This rapid paper gain lacks contextual sales data to confirm the trend, placing the onus on the buyer to validate the market’s current footing.