8 Nirvana Road, Lakelands WA 6180

Brand new 2023 build | Five-bedroom family home | Separate theatre & games rooms | Prime school catchment | Low-maintenance 450sqm block This property presents a competitively strong offering for a growing family or an investor targeting long-term tenants. Its 2023 construction with multiple dedicated living spaces—a theatre and games room—is rare in this price band and creates immediate functional superiority over typical four-bedroom stock. The prime positioning within the Coastal Lakes College catchment, on a low-maintenance block with no overlays, solidifies its appeal to its core demographic, ensuring sustained demand. Proceed with the understanding that its premium is tied to its newness and configuration; future capital growth relies on the suburb maintaining its appeal to families, which is currently stable. The main risk is market saturation from similar new builds, potentially softening yields. However, its rental estimate supports a viable investment thesis. Acquire this as a long-term hold for owner-occupation or a high-quality rental, as its features are designed to endure market cycles. * **8 Urana Rise, Lakelands:** Similar 441sqm lot, larger 239sqm build, estimated value $813k. This suggests our subject property’s $865k estimate is justified by its extra bedroom, newer build, and superior floorplan with dedicated living zones. * **2 Wellington Avenue, Lakelands:** Cited as a recent comparable four-bedroom sale, indirectly validating the price premium for a five-bedroom home in the area. The comparable sales indicate this property’s asking range is anchored in the current market, with its specific configuration commanding a justifiable premium.