98 Manning Road Manning WA 6152

R60 approval in hand | Site cleared and ready | 825sqm canvas in tight supply | Pre-demolition value already reset The value here hinges on the approved R60 zoning and the 825sqm lot being handed over clear of demolition cost and delay. That approval locks in a known yield pathway and removes the typical 6–12 month approval risk window that buyers absorb elsewhere. The September 2024 purchase price of $1.2m now sits below the estimated current value, suggesting the vendor has already taken a revaluation step; the buyer is not chasing a peak. The property holds best for a developer or builder intending to hold through construction and sell into the established-school corridor demand, not for a passive land banker. What makes this competitive is the combination of approval certainty, cleared site, and lot scale rare inside South Perth’s R60 supply. The 825sqm allows multiple unit configurations without the constraint of demolition waste or heritage overlays. For a buyer with construction capacity, this is a lower-risk entry into a constrained infill market where comparable cleared approved lots are infrequent. The buyer who moves quickly on due diligence and builder pricing will own the timing advantage. Pull a feasibility model this week and lock in a builder quote before others inspect the site.