2 Canterbury Terrace, Meadow Springs WA 6210

mispriced risk | thin yield | long land hold | buyer premium due | proceed with caution. This property carries a measurable gap between its $889,000 ask and the street’s recent $640,000 sale for a comparable layout. That $249,000 premium is not supported by local rental evidence at $670/week, which would deliver a sub-4% yield in a market where 75% of owners hold over ten years. The buyer is effectively paying for a land option at 730m², not for building value. A disciplined buyer should negotiate toward July 2024 comp levels, or walk. What makes this house competitive is the rare 730m² fully fenced parcel with 22% coverage, allowing future extension or sub division. The study and rumpus room add flexibility for a family buyer, and the infrastructure includes FTTP and 5G. This property best serves a long-term owner-occupier who values land over yield and can wait for capital cycle. Your next step is to confirm subdivision feasibility with Mandurah council before submitting any offer.