120 Blackwood Avenue, Hamilton Hill WA 6163

1960 build | 4 bed on 484m² | Newly renovated | Bushfire overlay This property presents a competitively strong offering due to its substantial lot size and recent comprehensive renovation, a combination that is rare for a 1960s house in this area. The four-bedroom configuration on a near-500-square-metre block provides immediate utility and long-term subdivision potential, serving a buyer seeking space or land value. Its modernised condition with ducted cooling positions it as a move-in ready family home, bypassing immediate capital outlay for upgrades. Decision hinges on the bushfire overlay, which imposes ongoing compliance costs and may constrain future development, directly impacting insurance premiums and resale buyer pool. The commercial logic is to acquire the renovated house for its rental yield or hold the land for its underlying value. Treat this as a long-term hold to absorb overlay-related costs, using its current strong rental potential to offset carrying costs while the land component appreciates.