1/27 Gorham Way, Spearwood WA 6163

3 bed 1 bath retirement unit | Villa Dalmacia complex | Over-55s community | 1.64 ha shared grounds | Sold late 2020 This property occupies a defensible niche in Spearwood’s seniors market. The 3-bedroom configuration within an over-55s complex is relatively uncommon, giving it a structural advantage over standard 2-bedroom retirement units when competing for buyers who want a spare room for guests or a home office. The 1.64 ha shared site implies low individual land cost but access to maintained communal grounds, which suits buyers prioritising lifestyle over land banking. The Villa Dalmacia association structure suggests predictable quarterly fees and managed common property, reducing ownership complexity for an older buyer. The primary risk is resale liquidity. Over-55s properties trade in a narrower buyer pool than general housing, and any future age-restriction changes or association rule updates could affect marketability. The single bathroom is a constraint for multi-generational visits or live-in care. The 2020 sale date provides no recent price signal, so current valuation requires direct comparable analysis within the complex. Opportunity lies in the 1.64 ha site’s latent redevelopment potential if the association ever considers subdivision, but this is speculative and likely long-dated.