123 First Avenue, Kendenup WA 6323

989m² block | double-storey loft character | first sale in over 20 years | 2-bedroom configuration The property’s primary buying case rests on its scarcity—this is the first listing since 2003 on a generous 989m² block in Kendenup, where only 57 properties are currently for sale. The double-storey loft-style architecture and established gardens create a distinct character rarely available, making it a strong proposition for buyers seeking a unique lifestyle property with space and warmth. The configuration suits downsizers or couples prioritising charm over square footage, as the 2-bedroom layout limits family appeal but reinforces exclusivity. The key risk is the 2-bedroom, 1-bathroom configuration, which may constrain resale demand and buyer pool depth, particularly for families. This is offset by the land size and the loft design’s flexibility for potential conversion or studio use. Buyers should factor in the age of the property—last sold in 2003—and budget for possible updates to systems or finishes. The property is best held as a long-term lifestyle retreat or renovated to unlock equity; its scarcity and land position provide a natural hedge against market fluctuations.