Case Studies

Lot 91 Paull Street & Lot 157 Ronlyn Road, Furnissdale, Western Australia

Lot 91 Paull Street & Lot 157 Ronlyn Road, Furnissdale is an englobo development site consisting of 7 hectares located in the southern growth suburb of Furnissdale approved for a 81 lot subdivision. Located within the Peel region, 5km south east of Mandurah and 70km south of Perth in close proximity to the Serpentine River entrance to the Peel inlet (the extensive canal system).

This is a large land holding in a youthful growing suburb 70km south of Perth CBD. This property has excellent residential subdivision plus aged care/retirement potential, given its location and progressed planning status. It is strategically located in the Southern Peel growth area of Furnissdale.

Key highlights include:

  • Proximity to Peel Inlet and the Mandurah retail and commercial amenity
  • Semi-rural lifestyle within close proximity to suburban amenity
  • Progressed planning status of site
  • Digestible development site size for small to medium sized developers
  • Potential to provide an alternative product mix of land and housing to Mandurah core and Ravenswood residential estates
Sales Analysis
Sale price:$1,125,000 + GST
Sale sateMarch 2023
Price/ha of land$160,714/ha
VendorPerth syndicate
PurchaserPrivate Brisbane developer
Sales processSold after an offering to the open market by Private Treaty – 52 enquiries, 6 offers
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