2 Newport Way, Lynwood WA 6147

5 bed on 786m² corner block | walk to reserve & schools | larger than typical stock | “as is” renovation project This property presents a clear configuration advantage for its suburb, offering two additional bedrooms and significantly more land than the typical Lynwood house. Its corner position and direct proximity to parkland and schools create a strong family appeal, while the ‘as is’ condition presents a value entry for an owner-occupier seeking a progressive project or an investor targeting land appreciation. The estimated rental yield aligns with area fundamentals, supporting a buy-and-hold strategy. The primary risk is the undefined renovation scope and cost, which the ‘sold as is’ clause transfers entirely to you. This demands a thorough building inspection and a buffer in your budget. However, the large, well-located block provides a tangible floor for the investment. Proceed with a firm maximum price based on its current, not potential, state, as the premium for its size must not account for future improvements you will fund.