12 Anemone Way, Mullaloo WA 6027

Corner block compromises | 1981 build dated finishes | Mid sandbelt potential | 6-week campaign risk. The window to negotiate ends May 5, and holding period history since 2005 signals limited turnover in this pocket. Buyers here pay for the 684sqm corner envelope, not the 182sqm internal footprint—sunken lounge and separate study add flexibility but the 1981 shell means electrical, plumbing and insulation likely original. This property suits a renovator willing to spend $80k–$120k post-settlement to modernise kitchen and bathrooms, or a family prioritising yard and parking over turnkey finish. Hold for 5–7 years to capture coastal uplift; flipping short-term is commercially risky given mid-$1.5m entry. The house competes not on finish but on corner land and four-car capacity rare in Mullaloo’s owner-occupied 85% stock. Raked ceilings and separate living zones give it a split-level character that retains families longer than standard floor plans. It serves best a buyer willing to refurbish over time or a multigenerational household needing separation. Proposition: secure the corner now, plan the renovation in tranches, and let the suburb’s low turnover work for your position. Comparable sales from 2024–2025 in Mullaloo within 600m suggest values between $1.65m and $1.85m for similar 4-bedroom houses on 650–700sqm blocks. Given the corner premium and dated interior, current ask sits at the upper end of that range—meaning upside only if you add contemporary finishes or reconfigure the floor plan. For a buyer, this property offers land leverage with a mandatory value-add path. Proceed only with a building inspection contingency and quote a renovation budget before submitting.