1 Mandarin Court, Craigie WA 6025

Elevated cul-de-sac | 701m² lot with 48% coverage | 4 bed family format | Prime Belridge catchment This property presents a strong, large-format family offering in a quiet, elevated position, with its substantial building footprint and lot size providing immediate functional utility and future optionality. It best serves an owner-occupier seeking space and stability within the coveted Belridge Secondary College catchment, a consistent local demand driver. The configuration is competitively rare against typical three-bedroom stock, anchoring its long-term positional value. Your decision weighs the premium for its condition against comparable, unrenovated 1980s homes. The current list price reflects a significant value assumption from its 1992 base, demanding scrutiny of recent capital works. Proceed only with a structural assessment and a firm budget for modernisation, positioning this as a long-term hold to amortize update costs. Its underlying land value and catchment security justify a strategic acquisition below the current asking premium. Nearby sales indicate a robust market for large blocks: – 1 Victoria Court, Craigie: 3 bed on 713m², estimated value $1,118,000. – 1 Morang Court, Craigie: House on 797m², estimated value $1,090,000. – Mandarin Court (2022 sale): 4 bed renovated home on large elevated block. This confirms the subject property’s 4-bedroom format on a 701m² lot aligns with core local value, though its offered price requires validation against these benchmarks.