10 Mount View Terrace, Mount Pleasant WA 6153

Flood overlay | 85% owner-occupied street | Established gardens with pool | 22m ground elevation The flood overlay on this block creates a specific risk that mostly affects insurance premiums and resale buyer pools rather than physical inundation given the 22m ground elevation. A buyer should expect higher annual insurance costs and potentially more cautious lenders, which narrows the future buyer market and can extend holding periods on exit. The compensation is a 623m² block in a tightly held street with 85% owner-occupation, giving price stability through low turnover. This property is best suited as a long-term family hold where the pool and gardens justify the risk exposure. What makes this competitive is the rare combination of a 275m² building footprint with multiple living zones and alfresco flow to a pool on a large block less than a kilometre from the river foreshore. The recent paint and flooring refresh saves immediate capital spend, while the Applecross Senior High School catchment adds structural demand from families. This serves best a buyer who values space and location over a clean risk profile and intends to stay seven years or more. Given the overlay and school catchment, the correct next step is to get two insurance quotes before offer and confirm the property sits outside the 1-in-100-year flood extent with local council mapping.