799sqm R40 Development Opportunity with Triplex Potential

Description

** All offers to be presented by Wednesday, 28th October 2026 **
** The seller reserves the right to accept an offer prior to the closing date **

Positioned on a substantial 799sqm parcel with R40 zoning, 308 Spencer Road, Thornlie presents an outstanding opportunity for developers, investors and land-focused buyers seeking future redevelopment potential in an established and well-connected location.

The key appeal is the potential for a three-dwelling development, with the R40 zoning making the site particularly attractive for buyers looking to explore a triplex-style outcome, subject to the relevant planning, design and approval requirements.

With approximately 799sqm of land, the property offers the scale and flexibility that is becoming increasingly sought after within established residential suburbs. Whether the intention is to redevelop in the future, investigate a multi-dwelling project or simply secure a sizeable holding in a convenient location, the site provides a strong foundation for a range of possibilities.

The existing residence adds further practicality in the meantime, offering a usable holding property while future plans are considered.

The home comprises two bedrooms and one bathroom, with split-system air conditioning to the lounge and main bedroom, additional air conditioning to the second bedroom, Jarrah flooring, gas heating and solar hot water.

To the rear, a substantial approximately 10m x 8m shed/workshop provides excellent additional utility, complete with a concrete slab and three-phase power. This adds genuine functional value for buyers needing storage, workshop space or additional flexibility while retaining the property in its current form.

The site's established Thornlie setting further strengthens the opportunity. Convenient access to local shopping, public transport, major road connections and surrounding amenities ensures the property remains practical both now and into the future.

Families and future owner-occupiers will also appreciate that the property falls within the Thornlie Senior High School catchment.

For developers, investors or buyers seeking a substantial R40 site with genuine future potential, 308 Spencer Road presents an excellent opportunity to secure approximately 799sqm in the heart of Thornlie with potential for a three-dwelling development.

Development and subdivision potential is subject to all relevant local government, WAPC and statutory approvals. Buyers should make their own enquiries regarding the suitability of the property for their intended development.

Contact Vicktor Sutrisno or Varun Uppal to register your interest.

Disclaimer: The particulars of this listing have been prepared for advertising and marketing purposes only. While every effort has been made to ensure the information is accurate and reliable, buyers should conduct their own independent due diligence to confirm the details provided.