108 Mornington Cres, Wandi WA 6167

Near-new 2021 build | 202m² large internal living | High-end finishes & security | Prime school proximity | Bushfire overlay This property presents a compelling opportunity as a substantially larger, near-new residence in a tightly held precinct, where its 2021 construction, 202m² internal area, and high-end specifications markedly exceed the typical 138m² stock in the area. It serves a buyer seeking a premium, low-maintenance home with immediate access to primary schooling and established infrastructure, positioning it strongly for both owner-occupier appeal and rental demand from families. The primary decision hinges on the price premium commanded for its superior size and condition, set against the suburb’s established price ceiling and the presence of bushfire and heritage planning overlays which may affect future development. The commercial logic supports a long-term hold to amortise the initial outlay, leveraging its scarcity as a large, modern home in the area. Proceed with an offer calibrated against the true upper quartile of recent sales, anticipating stable tenancy if leveraged as an investment. Comparable sales on Mornington Crescent show 8 Mornington Crescent, a 138m² home on a similar lot, sold for $620,000 in February 2024. This transaction underscores the significant value gap your target property must justify, with its 64m² of additional internal space and newer build being the critical negotiants.