113 Elliot Road, Wanneroo WA 6065

north-facing block, older build, suburban growth area, low maintenance block no heritage overlays The primary constraint here is the 2009 build on a 558sqm block. While the north orientation and alfresco area are genuine positives, the property’s value sits firmly in its square meterage and location rather than its construction quality or land-to-building ratio. The estimated value of $1,380,000 against a street median of $890,000 suggests a premium that relies heavily on the 244sqm internal space and a quiet slip road position. Buyers should treat this as a hold-and-enjoy proposition, not a flip candidate. The competitive advantage here is rare for a 2009 property: a dedicated theatre room, study, and master suite with walk-in wardrobe and double vanity on a north-facing block with no flood or bushfire overlays. For a family needing a single-level home with separate zones for work, entertainment, and private living, this configuration is strong. The property serves best as a long-term family home or a dual-income professional couple who work from home. The market cap here is emotional and practical, not speculative. A buyer’s best next step is a building inspection to confirm condition before any offer is considered.