20 Honeyeater Cres, Geographe WA 6280

4 bed coastal family home | large 501m² R20 lot | flood overlay present | under offer in 6 days This property presents a competitively strong, larger-format family home on a substantial low-density lot, a configuration increasingly rare in coastal suburbs. Its four-bedroom layout, modern comforts, and low-maintenance enclosed garden directly serve families or investors seeking a established coastal lifestyle property with immediate rental appeal. The rapid transition to ‘under offer’ signals strong market recognition of this practical offering at its price point. The identified flood overlay is a material risk requiring immediate due diligence, as it may impact insurance costs and future equity growth. However, the property’s scarcity profile, demonstrated long-term capital growth in the street, and solid rental yield around 4.5% provide a clear commercial logic. This is a hold property, suitable for a long-term occupant or investor, provided the flood due diligence is satisfactorily resolved. * **47 Honeyeater Crescent:** Sold for $800,000 (Apr 2025). 4 bed, 2 bath. Demonstrates 6.3% annual growth over 12 years, establishing a strong growth trajectory for the street. * **21 Honeyeater Crescent:** Estimated value $795,000. 3 bed, 1 bath on a 109m² lot. This property’s extra bedroom, bathroom, and far larger 501m² lot justify a significant premium. The comparable sales validate the subject property’s pricing, showing you are paying for tangible, scarce advantages in bedrooms, bathrooms, and land.