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News release


Final stages of Byford Central Estate in WA for sale

Rare, approved and ready to go 8.17ha subdivision hits the market

​​PERTH, 24 April 2014 - Strong interest is expected from residential developers for the last remaining development stages of the Byford Central Estate, 33km south east of Perth. 

The offering comes after the successful Expression of Interest campaign of adjoining Lot 9016 Thomas Road concluded in late August 2013.

Given the sale and current development of Lot 9016 Thomas Road, Lot 9017 Larsen Road represents the last opportunity to secure a boutique project and develop the last stages in this estate.

The 8.17ha site is ideally located 1.5km from the Byford Town Centre and features current conditional subdivision approval from the West Australian Planning Commission for approximately 79 residential lots.

JLL Director of Sales and Investments WA, Phil Fogliani said the property forms an extension to the well-established Byford Central Estate, estimated to include 550 homes.

According to Mr Fogliani, underpinning the development’s appeal is the high number of large, R20 zoned blocks available. 

“Seventy-five of the 79 blocks are R20 zoned and generously sized.

“The development is well positioned to take advantage of strong demand for large home sites in the high-growth Byford market.

“Development sites this far advanced in planning and approvals are infinitely more appealing to developers as much of the hard work has been done and a large element of risk neutralised. 

“Further to this, purchasers will be able to quickly activate development and benefit from immediate returns,” said Mr Fogliani.

“We anticipate strong interest from a wide selection of purchasers. A site such as this is ideal for smaller syndicates, private developers and builders who often find it harder to compete with the bigger, traditional developers on the larger projects. 

“The success of the previous stages of Byford Central and level of demand demonstrated during the successful sale campaign for Lot 9016 Thomas Road are testament to the popularity of the location and appeal of the product,” said Mr Fogliani.

The Expressions of Interest period for Lot 9017 Larsen Road, Byford Central closes 3.00pm (WST) on Tuesday, 20 May, 2014.