154 Medina Avenue, Medina WA 6167

1954 character house | 3 bed 1 bath | ~845 m² land | heritage overlay | strong rental demand The house is set on a large established lot and is typical of Medina’s older, land-heavy housing stock. The 1954 construction, modest internal footprint, and heritage overlay are understood as a character position that newer houses cannot offer, with the land seen as the primary competitive edge. The property, reported as an 845 m² lot with 3 bedrooms and 1 bathroom, is best suited to first home buyers, young families, downsizers, and renovators who value space over finished size. Strong rental growth is evidenced by the move from $230 per week in 2017 to $500 per week in late 2024, which signals durable tenant demand. The heritage overlay may be seen as the key constraint, limiting subdivision or redevelopment. Condition and presentation should also be considered, because the modest 1954 layout will not suit every buyer. The large lot may be valued by land-bank buyers, and rental growth from $230 to $500 per week might be used to support investor interest. >> Comparable Sales: 155 Medina Avenue (3 bed, 1 bath, 764 m²) sold $690,000 | Property Price Band: $700k–$800k | Value Drivers: land size, heritage character, rental growth