3 bed on 728m² lot | under offer in 7 days | flood overlay | 1985 build | tidy presentation
This house presents a competitively priced entry into the South Kalgoorlie market, aligning with the suburb’s typical configuration of three-bedroom homes on large lots. Its rapid transition to ‘under offer’ status signals solid buyer demand at this price point. The property serves an investor seeking a straightforward rental or a buyer needing a functional, recently refreshed home on a substantial block. The lot size offers future subdivision potential, subject to council overlay checks, which is a relative rarity for the area.
The flood overlay imposes a tangible risk, likely affecting insurance premiums and requiring due diligence. The 1985 construction necessitates a building inspection for latent issues. For an investor, the rental range suggests a viable yield, though the single bathroom caps its appeal. For an owner-occupier, the primary school proximity is a benefit. Proceed only with a conditional offer that validates build quality and overlay implications, as this is a value-play for a pragmatic buyer, not a premium home.
Recent comparable sale at 164A Boulder Road for $349,000 demonstrates the achievable price bracket for a three-bedroom, one-bathroom house in South Kalgoorlie. This sale anchors the listed ‘offers over $420,000’ as ambitious, suggesting the market may support a value closer to the lower end of the estimated range, contingent on condition and the flood overlay impact.