621 Lyon Road, Wandi WA 6167

Great development ;Massive lot; Rare opportunity and multi options ... Live in this unique retro home or build your own masterpiece on this acreage property, you choose! IdealRealtyWA is proud to present this HUGE development site that is only 20 minutes from the city and close to all amenities. Hold an active WAPC conditional approval for 8 premium lots (6 along Lyon Road and 2 along Blackboy Grove), the asset is completely de-risked. A prospective buyer or developer can immediately leverage this approval to secure commercial development finance for the civil works.
Given the current 2026 Perth property climate, the high demand along Lyon Road, the proximity to the local high school, and the strong price integration with the neighboring Honeywood estate, the valuation dynamics for this site are exceptional.

With 800sqm retail lots in this immediate pocket now holding a clear market value of around $850,000-explicitly proven by the recent early-2026 sale of 613 Lyon Road (805 sqm) for $835,000-and premium 2,000sqm transitional lots near Honeywood commandingly valued between $1,250,000 and $1,350,000, the gross realization and residual land value of this parcel have elevated significantly. Based on these on-the-ground market drivers, our firm bottom line to transact is $#.# Million AUD. We would like to test our expectations against the figure your team has put together.
We are very comfortable holding this high-yielding asset long-term if market offers do not meet this threshold. Welcome the qualified mid-tier developers, syndicate buyers, or civil contractors looking for a premium, development-ready site in Wandi


Home features :

*2 Bedrooms-Master bedroom with timber floors and air-con. The other bedroom has timber floors.
*1 Bathroom-Main bathroom with shower, vanity and bath.
*Activity area with air-con.
*Open plan kitchen with timber floors, gas cooker, double sink and cupboard space.
*Family area has timber floors, reverse cycle air con unit and wood burning fireplace.
*Laundry room with big walk in linen and separate toilet.
*Big verandah overlooking bore reticulated lovely gardens, fruit trees and nature bush land.
*2 big sheds with power or they can double up as powered workshops.
*Block Size: Approx. 5 acres
*Close proximity to new Aubin Grove train station, neighbourhood bakery and IGA.
*Tenanted by $550p/w .Can move out anytime

Land features:

Seller's current subdivision structure plan yields:

*6 lots along Lyon Road.
*2 larger lifestyle lots along Blackboy Grove.
*Lot 9, which consists of a 4000 sqm subdividable urban zone (featuring the existing 2*1 house) and a 6000 sqm special rural zone.
With an additional subdivision application, that 4000 sqm portion is still subdividable into multiple blocks. Furthermore, looking at the medium to long term, there is a chance for the remaining 6000 sqm rural pocket (30% of the whole land of 5 acres) to transit into an urban zone (subject to relevant approval)

Development options :

Option 1: Lots 1 to 6 (the six lots located along Lyon Road), as shown in the attached photo. This excludes the larger lots (Lot 7 and Lot 8) along Blackboy Grove
Option 2: Lots 1 to 8, retain Lot 9 (which includes the existing house and the remaining land).
Option 3: The entire property as a single whole package.

Please contact ROY LI on 0415007588 or 61164511 for any further info or book a viewing and lodge your offers today ...

DISCLAIMER: Whilst every care has been taken with the preparation of the information in the advertisement, neither the Advertiser, Agent nor the client nor servants of these, guarantee its accuracy. Interested parties must make their own enquiries and satisfy themselves with any aspect. The information contained are not intended to form part of any contract, neither do such information constitute any representation by the Vendor or the agent and are expressively excluded from any contract. Images are for illustrative purposes only. Users of this advertisement must do their own due diligence and absolutely no liability and/or no responsibility will be assumed by the Advertiser/Agent/Associated Parties etc. Any reference to any development potential is subject to the users' own due diligence, subject to planning and approval by relevant authorities and is STCA. It is the interested parties' own onus to make their own full enquiries and verify the same in relation to any zoning info and intended plans for future potential and/or development of this site