Lot 121, Lomandra Road, Helena Valley WA 6056

The price is right - $195,000 for this 378sqm block.
However, there are a few things you need to be aware of:
1) the irregular shaped lot makes it a little challenging (not impossible) to design a house that works. Double storey is an option.
2) there is a Western Power easement across the front 4m of the block
3) because of the proximity to the high tension power lines (across the road), banks require a deposit or equity of at least 20% of the land price or the house and land package price. Finance will not be approved without this or a guarantor who can provide this - the only other alternative is a Keystart Loan.
If you are still reading, there is plenty to like about this location.
A pleasant bike ride to Helena Valley Primary School is enjoyed by many of the local kids. There are plenty of lovely walks around the estate and the adjoining lake. The local shopping centre is within walking distance and a commute to the city is less than 30 minutes. For FIFO workers or regular users of the airport - you can be there in less than 15 minutes.
In summary, this block has some challenges for potential buyers but it is priced approximately $60-80,000 below what other (similar sized blocks) have sold for in the area. The block will suit first time buyers (with sufficient deposit) or investors looking for a modest property to rent out long term.
The developer is serious about selling this block - be quick to secure it at this bargain price!