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Back 40 Lake Street
Off Market

40 Lake Street

Rockingham WA 6168

3
1
4
106 m²
1370 m²
House
Sara WalkerSara Walker, last sold this property on 03 December 2025 after 19 days on market.

Overview

Big Land, Real Potential

End Date Sale - Offers Closed Early Stand 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 m² 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 Happens Positioned between Lake Richmond and Palm Beach, this part of Rockingham is steadily shifting into a growth-focused coastal pocket. The cafés, 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 Matter Zoned R30 and sitting on 1,370 m², 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 m² 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 For A 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 Line This 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.

Features

3 bedrooms
1 bathroom
4 carspaces
4 garage spaces
106 m² floor area
1370 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Rockingham over the last 12 months, the estimated median property value of 40 Lake Street is $800k.

Median value
$800k
Estimated value range
$525k - $2.15m
Median days on market
18
Estimated value trend
26%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Rockingham. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 40 Lake Street

2025
Sold
03 Dec 2025 by Sara Walker, of The Agency Perth

Happy sellers in Rockingham

95%
95% of sellers in Rockingham reported that their sale price either exceeded or met their price expectations.

Rockingham stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 87 reviews in Rockingham over the last 12 months.

Local market activity for 3 bedroom houses in Rockingham

In the last 12 months, 131 three-bedroom houses similar to 40 Lake Street, have been sold.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Rockingham

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Lee Murray

Sellers who recommend Lee Murray have praised them for being clear communication, local expert, responsive, friendly, supportive, honest and reliable

  •   4.9   (342 reviews)
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  •  20 Sales in Rockingham
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Adam Dineley

Sellers who recommend Adam Dineley have praised them for being clear communication, local expert, responsive, honest, supportive, stress-free process and proactive

  •   4.9   (108 reviews)
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Shaun Hogarth

Sellers who recommend Shaun Hogarth have praised them for being clear communication, local expert, responsive, friendly, supportive, reliable and pleasant

  •   5   (348 reviews)
  •  12 Reviews in Rockingham
  •  11 Sales in Rockingham
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Kathy Wigfield

Sellers who recommend Kathy Wigfield have praised them for being local expert, clear communication, friendly, responsive, supportive, reliable and honest

  •   5   (303 reviews)
  •  8 Reviews in Rockingham
  •  24 Sales in Rockingham
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