80 Gingin Road, Lancelin WA 6044
80 Gingin Road, Lancelin WA 6044
5-bed duplex on large lot | coastal Lancelin location | above-average size for area | limited comparable sales data
This property presents a configuration advantage in its market, offering five bedrooms and three bathrooms on a 1,252mΒ² lot, which is substantially larger than typical local holdings. That scale provides immediate utility for a multi-generational household or a buyer seeking separation within a duplex format, a rare offering in a coastal town where smaller dwellings dominate. Its position in Lancelin, the northernmost primary coastal settlement, anchors it in an established community with identified future commercial areas, suggesting a stable, if not rapidly appreciating, location.
The primary risk is valuation ambiguity due to sparse recent comparable sales; the nearest direct comparison is an offer-pending house at a significantly higher price point, but with different attributes. Your acquisition cost must be justified by the lot’s subdivision potential, subject to council wastewater requirements, or its income capacity, for which no rental data exists. Proceed only with a contingent commercial logicΒeither develop the land or hold for long-term coastal demandΒas this property is too specific for a passive investment.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Lancelin is a small coastal community positioned north of Perth, characterised by a mature demographic. Demand is currently strong, evidenced by exceptionally rapid sales and significant recent price appreciation. This market activity suggests robust buyer interest, likely driven by its coastal lifestyle appeal. Future growth may be supported by sustained demand for regional coastal properties, though affordability considerations and limited sales volume present inherent market constraints.