25 Cockman Road, Greenwood WA 6024

1974 build | 688m² land | 18% coverage | Greenwood Primary catchment | No overlays This house presents a low-density land opportunity in a established suburb, with its sub-20% building coverage on a 688m² block offering clear expansion potential within council guidelines. The configuration suits a family seeking entry into the Greenwood Primary and Warwick Senior High catchments, with the ground elevation mitigating typical surface water risks. The absence of bushfire or heritage overlays simplifies the approval process for future renovation or redevelopment. The primary decision hinges on the 1974 construction, requiring a buyer to budget for updates to services, insulation, and bathroom configuration against the land value. The narrow price band from two estimates suggests a stable valuation, making an offer below $1.13m commercially logical. Acquire for long-term hold, leveraging the land ratio, and use a Propcred report to pressure-test the valuation, identify renovation costs, and confirm locality-specific insurance premiums. A direct adjacent comparable at 24 Cockman Road, estimated at a $1.12m median with a range from $960k to $1.26m, anchors this property’s value firmly within the low $1.1m bracket. This tight clustering indicates the market has consistently priced these near-identical lots, providing a credible benchmark for your offer.