1 Benfleet Drive, Butler WA 6036

Bushfire overlay exposure | Below-market lease until August | Building coverage limits future use | Premium on sold-out streets The bushfire overlay is a material risk that buyers cannot ignore. It will constrain future modifications, increase insurance premiums by an estimated 20–30%, and reduce resale appeal to risk-averse purchasers. The current lease at $650 per week, while cash-flow positive, sits well below the $715 market estimate-effectively costing the owner $65 per week in opportunity income until the tenant vacates. The high-confidence valuation of $925,000 provides a 2.8% gross yield at best, which is acceptable for long-term capital growth in a tightly held suburb but not compelling for cash-driven investors. This property should be held for capital appreciation with a rental reset upon lease expiry. The 145m² build on a 538m² lot is competitively lean, leaving 73% of the land as outdoor space that is rare in recent constructions. Marble-look tiled flooring and solar panels reduce running costs and maintenance burdens, appealing to owner-occupiers who value low-effort living. John Butler Primary College and Alkimos College catchment gives it a stable family demand base. This property best suits a buyer seeking a turnkey holding in a growth corridor, with patience to renew the lease at market rate. Comparable sales show 2 Benfleet Drive at an estimated $931,000 for a smaller build, positioning this property at a slight discount per square metre of land-reinforcing the $925,000 estimate as a fair entry point. Value inference: the buyer gains a rare open-land ratio in a built-out pocket, which supports above-average capital uplift over five years. The next step is to commission a bushfire assessment and insurance quote before making an offer, as these will define the true holding cost.