8/35-41 Malone Street, Willagee WA 6156

Heritage overlay | 2-bed villa | 3019m² strata lot | 5G & FTTN | Caralee School catchment This property presents a unique proposition as a low-density villa within a substantial strata share, offering a rare sense of space atypical for a unit of this size. Its heritage overlay provides character and may limit future development in the immediate complex, adding stability. The configuration is competitively strong for downsizers or first-home buyers seeking a low-maintenance entry into the well-regarded Caralee Community School catchment, with modern connectivity covered. The primary risk is the significant value variance within the complex, indicating strata-specific factors or property condition disparities that require urgent investigation. The heritage overlay may impose renovation restrictions and costs. For a buyer, the opportunity lies in securing a below-market position if the current listing aligns with the lower comparable sale, not the aspirational estimates. This property is a hold for owner-occupation, not speculative gain, given the constrained growth drivers. A recent comparable sale in the same complex provides critical context: – 4/35-41 Malone Street (2 bed, 1 bath, 1 car) sold for $505,000 in July 2025. This transaction, substantially below the current listing’s estimated range, establishes a firm benchmark. It signals that values within this specific strata scheme may not align with broader suburb estimates, making due diligence on strata health, unit condition, and the reason for the sale price variance essential for any offer.