View
UNDER OFFER Exceptional Offering in Wanneroo
UNDER OFFER This is your chance to secure a premium parcel of land with serious long-term potential.
Positioned on the edge of urban expansion, 23 Franklin Road offers a stunning, nature-filled block with significant future development appeal. Zoned Urban Deferred under the Metropolitan Region Scheme and located within the highly sought-after Precinct 4 of the East Wanneroo District Structure Plan, this block is the golden ticket for smart investors.
Search "East Wanneroo District Structure Plan" to explore the full potential.
The Land – The True Investment
Set across a generous allotment, this is an exceptional opportunity to land bank in one of Perth’s most promising growth corridors. Elevated with a mix of bushland and city views, the property combines natural beauty with untapped development value. Whether you're an investor, developer, or visionary home builder — this is your chance to secure a future-forward investment.
The House – A Bonus with Potential
Included on the property is a large 1980s-built home that was once a purpose-built recording studio and residence, as well as a substantial commercial-grade shed. With over 600 square metres of total space, the home is solidly constructed but has been left neglected for some time. It now requires a makeover but for the right buyer, it presents an exciting project or simply a placeholder while the land appreciates in value.
Location Highlights
• Close to Wanneroo Central Shopping Centre
• Easy access to Wanneroo Road and Joondalup Drive
• Nearby schools, sporting facilities and parklands
• Just 30 minutes to Perth CBD
• Surrounded by natural bushland with walking and biking trails
• Well positioned within the future East Wanneroo urban growth area
Whether you choose to restore the existing structure, redevelop, or simply hold and wait, the future is bright for this land. Opportunities like this, in locations of such strategic importance, are becoming increasingly rare. Land bank now and watch your investment grow.
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.
Property features
-
Air conditioned
-
Garages
1
-
Games
Property snapshot by reiwa.com
This property at 23 Franklin Road, Wanneroo is a four bedroom, two bathroom house sold by Derryn Mastrangelo and Peter Peard at Peard Real Estate on 16 Oct 2025.
Looking to buy a similar property in the area? View other four bedroom properties for sale in Wanneroo or see other recently sold properties in Wanneroo.
Nearby schools
Wanneroo overview
Wanneroo is a mostly established suburb with some undeveloped areas in the eastern sector of its 20 square kilometre land area. Wanneroo experienced major development during the 1970s with gradual increases experienced from the mid-1990s as new properties were built in the area.
Life in Wanneroo
A relaxed lifestyle and a sense of community are on offer in Wanneroo. The outer-northern suburb has a number of parks, gardens and lakes within its perimeters that contribute to its suburban charm, as well a civic centre and community centre. Other notable fixtures are the Wanneroo Town Centre, Wanneroo Central Shopping Centre and the Wanneroo Show Grounds.
Wanneroo quick stats
High end
$986k
Median
$890k
Low end
$806k
21.1 %
Annual growth
$890k
Annual median sales price
$750pw
Annual median rental price
Contact the agent
