4 bed on 696m² | high 41% building coverage | 1991 hold | no overlays | Willetton Senior High zone
This property presents a strong buy for an owner-occupier seeking a large, established family home on a substantial block within a premier school catchment. Its high building coverage and 285m² floor plan signal a significantly larger dwelling than typical 1980s stock, offering immediate functional space. The absence of development overlays simplifies the purchase, while the long-term ownership since 1991 suggests major capital works are likely complete, reducing near-term risk for the buyer.
The primary decision hinges on the bathroom discrepancy and the premium for its size. The conflicting bathroom counts across listings is a material due diligence item that could affect valuation and financing. The commercial logic is to secure a family-sized home in a tight catchment; the opportunity cost is the higher land component and future subdivision potential offered by nearby properties with lower site coverage. Acquire for hold as a primary residence.
Nearby sales indicate strong demand for Swanson Street. The 1991 sale history of this property underscores long-held equity. A direct comparison is challenging, but note:
– 9 Swanson St: Larger 863m² land but smaller 120m² building commands ~$1.63m.
– 11 Swanson St: A 422m² villa sold for $1.2m in late 2025.
This propertyÂ’s value sits between these comparables; its larger building on a mid-size lot justifies a premium over the villa, while its lower land component versus 9 Swanson St positions it as a more affordable entry for a large home.