683sqm of Potential: Retain, Build, or Landbank!
Home Open: Sunday 29/03/26 | 2pm - 2:30pm
Whether you are looking for a rock-solid investment, your very first home, or a strategic development site, 229 Lord Street offers a world of opportunity in one of Lockridge's most convenient pockets.
Set on a generous 683sqm block with versatile R20/35 zoning, this quality double-brick property is more than just a house-it's a future-proof asset. The neat, clean, and contemporary presentation ensures it's move-in ready, while the development potential provides a clear path for future growth.
The Strategy is Yours:
• Keep as is: A beautifully presented, contemporary 3-bedroom home that is low-maintenance and high-reward.
• Renovate & Reward: Add your own personal touch to further increase value in a rising market.
• Retain & Build: Explore the potential to keep the front home and build at the rear (Subject to Council Approval).
• Immediate Income: Currently leased at $580 per week until 22nd December 2026, offering a reliable and secure stream of income while you plan your next move.
Property Highlights:
• Contemporary Interior: Light, bright, and neatly presented living spaces.
• Spacious 3 Bedrooms: Comfortable accommodations for families or tenants.
• Large 683sqm Lot: Ample space for kids, pets, or future structures.
• Zoned R20/35: Unlock the potential for a duplex development site.
• Secure Parking: Single garage with additional driveway space.
Location & Lifestyle:
• Everything you need is right on your doorstep. Lockridge is renowned for its proximity to essential amenities and its position as a gateway to the Swan Valley.
• Education: Short distance to Lockridge Primary School, Kiara College, and Good Shepherd Catholic School.
• Shopping & Dining: Just minutes from Altone Park Shopping Centre and the vibrant Beechboro Central.
• Parks & Recreation: Steps away from local green spaces and the Altone Park Golf Course & Leisure Centre.
• Transport: Easy access to Lord Street and Reid Highway for a quick commute to the Perth CBD or Airport.
• Gateway to the Swan Valley: World-class wineries and breweries are just a short drive away.
Ideal for:
• Savvy Investors: High-yield rental with significant underlying land value.
• First Home Buyers: An affordable, neat entry into a high-growth suburb.
• Developers: A prime R20/35 site with multiple exit strategies.
Don't miss out on this versatile gem! Contact us today to arrange a viewing.
Quick Facts for Your Listing:
• Current Rent: $580 per week
• Anticipated current rental return is approximately $700 per week.
• Lease Expiry: 22/12/2026
• Block Size: 683sqm
• Zoning: R20/35 (Duplex Potential - Subject To Council Approval)
Don't miss your opportunity, contact Ken Suhopoljac today to arrange your private inspection and secure this exceptional home before it's gone.
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent inquiries. Please note that some images may have been virtually staged or enhanced for illustration purposes and may not reflect the current or final state of the property.
Added 16 March, 2026
Property ID: #L39946953
