24A King Street, South Boulder WA 6432
24A King Street, South Boulder WA 6432
Older workers’ cottage | ~506m² lot | rear-lane access likely | character stock | investor-owner crossover
The house is set within a mature low-rise pocket where original workers’ housing is increasingly presented in upgraded form. A likely 506m² parcel with rear-lane potential is provided, giving practical scope for shedding, off-street parking, or a modest rear-yard extension. Traditional floorboards and period proportions are expected to be delivered inside, which suits buyers seeking a genuine character base rather than a generic new build. Strong rental interest has been demonstrated in the immediate corridor, giving the property a dual-market appeal. It is best suited to an owner-occupier wanting an established home with future value-add potential, or an investor seeking steady yield from a tightly held inner-suburb street.
Value may be influenced by the extent of updating already completed, since the original era stock varies widely between fully modernised and partially original. The parcel’s footprint might limit major reconfiguration, and the mixed-use character of parts of South Boulder could be seen as a drawback for purely residential buyers. Interest is likely to be shaped by presentation and rear-lane condition.
>> Comparable Sales: Renovated 1910 three-bedder on 506m², $375K; 1973 two-bedder on 506m², $340K | Property Price Band: $300K to $400K | Value Drivers: condition, land size, layout
Detailed Independent Property Report prepared by PropCred Analyst team for 24A King Street, South Boulder WA 6432
Checks found:
Value Risk
!
1
Liquidity Risk
✕
2
Planning Risk
✕
2
Income Risk
✓
Execution Risk
✓
Market Insight
South Boulder, in Kalgoorlie-Boulder, is a tight market with strong momentum. House medians range from $300,000 to $323,000, with annual growth between 23.2% and 27.7%. Demand is driven by machinery operators and drivers, many owning with mortgages (56% of owners). Low supply-zero to two rental listings and one to two sales monthly-supports pricing. Recent sales span $80,000 to $465,000, though days on market vary significantly, from 17 to 70, indicating segmented liquidity. Future growth relies on infrastructure links and scarce stock, but high mortgage reliance and a narrow price band (lower quartile $248,000, upper $334,000) raise rate sensitivity and affordability constraints.
PropCred Estimated Value
Bedrooms
4
Bathroom
1
Parking
-
Land
495m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst