49 Crowther Street, South Carnarvon WA 6701
49 Crowther Street, South Carnarvon WA 6701
Large 973m² lot | 3-bed older dwelling | thin local demand | heritage precinct | price sensitive sale
The property presents a genuinely rare combination in this market: a 973 square metre lot on an established street, with a modest three-bedroom, one-bathroom house that offers clear scope for renovation. Its land area is substantially larger than many nearby homes, which immediately gives it a practical advantage for buyers seeking room for sheds, gardens, or a future extension. The location within the Crowther Street precinct carries a layer of heritage character that sets it apart from generic suburban stock, and the low price point makes it accessible to first-home buyers or investors looking for entry into the Carnarvon market. The best-fit buyer is someone who values land and potential over polish, and who understands that the house itself will demand work but the underlying parcel is the lasting value.
The condition of the dwelling may be the single largest influence on price, given that no verified details exist for build quality or recent updates. Heritage considerations might also shape what can be done on the lot, particularly if the immediate precinct has inventory protections. The extremely low turnover in the area, with average marketing times exceeding 500 days, might mean a sale needs to be priced carefully to attract a thin pool of buyers. A buyer should weigh the cost of necessary renovations against the benefit of acquiring a large, well-located parcel.
>> Comparable Sales: 3 Craig Street sold at $245,000 on 690m² | Property Price Band: $200K–$300K | Value Drivers: land size, condition, heritage character
Detailed Independent Property Report prepared by PropCred Analyst team for 49 Crowther Street, South Carnarvon WA 6701
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
URL has been copied successfully!
Market Insight
South Carnarvon is a thin, investor-driven Western Australian market, with gross rental yields of 9.33% for houses and 11.38% for units. Median house prices sit between $238,500 and $250,000, and annual growth has contracted by 1.96% to 3.85% over the past year. House rents average $350 weekly, yet sales volumes remain minimal at 25 houses and one unit over twelve months. Days on market have shortened from 49 to 15, suggesting some recent absorption, but the broader price trend is negative. Without structural demand drivers beyond yield, the market faces constraints from declining values, sparse turnover, and a small buyer base.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
-
Land
973m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!