5 Lisbon Place, Warnbro WA 6169

3-bedroom house | 683sqm block | 3 living areas | Warnbro High zone The property’s configuration offers a rare combination of scale and separation. Three distinct living zones on a 683sqm lot with 46% site coverage means this house functions well for a family needing defined spaces for work, play, and rest. The 1989 build sits in a street that is 90% owner-occupied, which typically signals stable neighbours and lower turnover risk. For a buyer seeking a long-term family home with room to grow or reconfigure, the land-to-building ratio provides genuine optionality. This suits owner-occupiers who value floor plan flexibility over turnkey perfection. The main risk is the valuation gap. The asking range sits above the Domain midpoint and well above the 2014 sale price, meaning the buyer must rely on future growth rather than current market evidence. The rental yield at $615 per week against $849,000 is modest, so this is not a strong investment proposition unless capital gains materialise. The upside is the block size and zoning: no overlays and residential zoning mean subdivision or a granny flat are plausible medium-term plays. Buyers should negotiate hard and hold for at least five years to absorb the premium.