10/24 Theseus Way, Coolbellup WA 6163

Quiet street | 504m² lot | 3 bed house | Two living areas | Close to amenities This house presents a competitively rare offering as a single-level home on a full-sized lot within a suburb increasingly seeing strata development. Its dual living areas and central kitchen create a functional layout for a small family or downsizer, capitalizing on the quiet street position and proximity to parks and transport. It serves buyers seeking space and privacy over internal square footage, positioning well for long-term holding in a stable council area. The primary risk is the significantly smaller internal floor area against the lot size, suggesting potential for future extension to realize the land’s value. The immediate opportunity is securing a low-maintenance house with subdivision potential in a convenient location, provided due diligence confirms zoning. Acquire for owner-occupation with a view to renovate or subdivide, as its land component will outperform its current improvements. Recent sales on the same street provide context: – 10 Theseus Way (house) sold in June 2024. – 17/24 Theseus Way (apartment) sold for $470,000 in June 2025, having risen from $290,000 in April 2022. The apartment’s substantial capital growth highlights strong local demand, while the house sale indicates ongoing transaction activity. For this property, its land ownership and detached status command a significant premium over strata units, anchoring its value and offering a different growth profile based on land appreciation.