2 Park Way, Bouvard WA 6211

Bushfire overlay | Flood risk overlay | 1-acre block near estuary | Elevated 2026 price point | 16-year-old holding The property carries two overlays that impose tangible costs and constraints: bushfire construction standards and flood-related insurance premiums, which reduce net yield by an estimated 10-15% compared to comparable unencumbered land. The 4,050 m² block, at 7% site coverage, offers rare expansion or subdivision optionality-commercial logic that partially offsets the risk premium. This house is best held as a long-term land bank yielding rental income, not a short-term flip. Competitively, a 275 m² home on a full acre within 350 metres of calm estuary water is structurally rare in the Point Repose acreage estate. The two ensuites and 8-car capacity serve a family or multigenerational buyer seeking space and parking, not a downsizer. The value case rests on land scarcity near water, not the 2003 build itself-the house is a holding structure. A buyer’s first step is to secure a bushfire attack level assessment and a flood risk certificate from the local council before any offer or inspection, as these will define both renovation costs and resale pool.