229 Lord Street
Lockridge, WA 6054

Overview

683sqm of Potential: Retain, Build, or Landbank!

Whether you are seeking a solid investment, your first home, or a strategic development opportunity, 229 Lord Street presents a versatile prospect in one of Lockridge's most accessible locations.

Situated on a substantial 683 square meter block with flexible R20/35 zoning, this quality double-brick residence offers more than just a home—it is a future-proof asset. The property is presented in a neat, clean, and contemporary style, ready for immediate occupancy, while also providing clear potential for future development.

The options available to you include:

• Retain the existing home as is: a well-maintained, contemporary 3-bedroom house that is low-maintenance and offers high returns.
• Renovate to enhance value: personalize the property to increase its market appeal in a rising market.
• Retain and build: consider keeping the front home and constructing additional dwellings at the rear, subject to council approval.
• Immediate income: the property is currently leased at $580 per week until 22nd December 2026, providing a reliable income stream while you plan your next steps.

Key features of the property include:

• Contemporary interior with light, bright, and well-presented living spaces.
• Three spacious bedrooms suitable for families or tenants.
• A large 683 square meter lot offering ample space for children, pets, or future building projects.
• R20/35 zoning unlocking the potential for duplex development.
• Secure parking with a single garage and additional driveway space.

Location and lifestyle benefits include:

• Convenient access to essential amenities, with Lockridge serving as a gateway to the Swan Valley.
• Close proximity to educational institutions such as Lockridge Primary School, Kiara College, and Good Shepherd Catholic School.
• Nearby shopping and dining options including Altone Park Shopping Centre and Beechboro Central.
• Access to parks and recreational facilities like local green spaces and the Altone Park Golf Course & Leisure Centre.
• Easy transport links via Lord Street and Reid Highway for quick commutes to Perth CBD or the airport.
• Close to the Swan Valley's renowned wineries and breweries.

This property is ideal for:

• Investors seeking high rental yields with significant underlying land value.
• First home buyers looking for an affordable and well-presented entry into a growing suburb.
• Developers interested in a prime R20/35 site with multiple exit strategies.

Don't miss this versatile opportunity. Arrange a viewing to explore the potential of this exceptional home.

Additional details:

• Current rent: $580 per week.
• Lease expiry: 22nd December 2026.
• Block size: 683 square meters.
• Zoning: R20/35 with duplex potential, subject to council approval.

Please note that the information provided is for general purposes and based on seller data, which may be subject to change. Interested parties should conduct their own inquiries. Some images may be virtually staged or enhanced and may not reflect the current state of the property.

Location