40 Lake Street

Rockingham WA 6168

End Date Sale - Offers Closed EarlyStand on this block and the urgency is immediate. Land this size, in this position, simply does not come up often. Lake Richmond catches the early light in front of you, the ocean sits just behind, and the 1,370 m parcel stretches out with a sense of genuine possibility. It is the kind of site that sparks ideas quickly, the kind you know won't wait for anyone. If you don't move on it, someone else will.Where It All HappensPositioned between Lake Richmond and Palm Beach, this part of Rockingham is steadily shifting into a growth-focused coastal pocket. The cafs, foreshore paths, and recreation spots are close enough to weave into daily life, yet the block still feels private and slightly tucked away. It blends lifestyle appeal with practical redevelopment value, a rare mix this close to the water.The Details That MatterZoned R30 and sitting on 1,370 m, the land offers clear potential for a townhouse or multi-dwelling development, subject to council approval. The existing 1970 brick and tile duplex delivers holding income from day one, with the 3 bedroom, 1 bathroom leased at $500 per week and the 2 bedroom, 1 bathroom leased at $450 per week. With 166 m in combined living and both dwellings currently tenanted, you can plan and progress your future build without vacancy gaps or downtime. The land size, zoning, and existing income stream make it a straightforward site to take forward.Who It's Made ForA lifestyle-driven developer who wants coastal positioning with real upside. A long-term land banker who knows large coastal parcels only become harder to find. A multi-generational buyer who sees value in living on one side now while mapping out a future build. The appeal is clear for anyone wanting land, location, and options.The Bottom LineThis is a significant coastal landholding in a location that continues to strengthen. You have income now, development potential ahead, and a position between the lake and the ocean that future buyers and tenants will always respond to. If you're ready for a site with both lifestyle pull and long-term value, this one gives you the space to build something that lasts.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 enquiries.