54 Silversmith Street Wellard WA 6170

Large bush block backing bushland | 1990s build with modern systems | tightly held estate with low turnover | suited to families seeking space and privacy The property’s primary competitive advantage is its combination of a 2193m² block with permanent bushland rear access in a tightly held estate. This configuration is rare within 20km of Perth’s CBD and effectively insulates the house from future development. The 6.6kW solar array and whole-home water filtration reduce ongoing utility costs, which strengthens the holding position for a family buyer. The 190-200m² single-storey layout with pool suits households with children, while the 9% building coverage leaves meaningful land for future subdivision consideration or a secondary dwelling, subject to council approval. The property serves best a buyer who values immediate lifestyle amenity and long-term land banking in a low-supply pocket. The bushfire overlay is the primary risk, imposing higher insurance premiums and potential restrictions on vegetation management or future outbuildings. Buyers should obtain a full bushfire attack level assessment before committing. The 1988 last sale date and 34-year ownership suggest limited recent market evidence for this exact configuration, making the $1.25m list price a credible entry point relative to the $1.39m estimated value. Rental return at $850 per week offers a 3.5% gross yield, acceptable for a land-heavy property but not an income-first play. Hold this property for its land content and bushland buffer; any structural upgrades should prioritise bushfire resilience and pool refurbishment over cosmetic refresh.