91B Bourke Street, Piccadilly WA 6430

2-bed townhouse | large 1012m² lot share | primary catchment 0.5km | limited local stock This townhouse presents a competitive entry into a suburb with constrained listings, deriving its primary strength from the underlying land parcel. The configuration is uncommon: a two-bedroom unit holding title on a substantial lot typically reserved for houses, placing it in a narrow market segment for small households or investors prioritising land over internal space. It serves a buyer seeking exposure to land value within a school catchment, with the lot size offering future subdivision potential subject to zoning. Proceed only with a lot-specific due diligence framework. The principal risk is the unclear title arrangement and shared lot economics with the adjacent dwelling, requiring a solicitor to clarify strata costs, bylaws, and capital works plans. The absence of recent comparable sales in the results necessitates a bespoke valuation. Secure it below the estimated value through a conditional offer, then hold for land banking or rental to the family catchment.