9/20 Oceanic Drive Dawesville WA 6211

Vacant block in coastal Dawesville | 239sqm with bushfire and heritage overlays | Last traded at $2.9M in 2023 | Current estimate ~$770k | Suits patient buyer building a custom home. The buying case rests on the sharp gap between the recent $2.9M transaction and the current estimated value of $770k, which signals either a major correction or a revaluation event that a buyer can exploit. The 239sqm block is small but positioned in an emerging beachside precinct, making it suitable for a low-maintenance modern home that targets downsizers or second-home buyers seeking proximity to the coast. The property serves best a buyer who can build within two to three years and hold through the next market cycle, rather than someone needing immediate yield or quick resale. The bushfire and heritage overlays are the primary risks, as they may restrict design options, increase approval timelines, and raise construction costs — a buyer should budget for additional consultant fees and potential delays. The lack of flood overlay and presence of 4G mobile coverage are neutral. The opportunity lies in securing land at a discounted entry point relative to the prior sale, with long-term appreciation tied to Dawesville’s coastal growth corridor. Hold this property as a build-to-hold, not a flip, and engage a local town planner early to test development feasibility before committing.