16 Benledi Way, Mahomets Flats WA 6530

Large powered shed & rear access | 800m² land near surf beach | 1978 build with solar | 2-car garage This property presents a strong case for a buyer seeking a low-maintenance coastal lifestyle or a functional hobby base, given its substantial 800m² allotment with excellent rear access and a large powered shed. Its proximity to Back Beach and the Geraldton CBD positions it for both lifestyle convenience and rental appeal, particularly to tradespeople or families needing space. The recent capital growth history and the inclusion of solar infrastructure add to its operational efficiency. The primary decision hinges on the price premium for land size and outbuildings in this suburb. While the shed and land offer utility, the 1978 build necessitates a thorough building inspection, and the council rates are above average. A buyer should pursue this only below the lower estimated market value, viewing it as a long-term hold to amortize upgrade costs. It suits an owner-occupier who will fully utilize the outdoor space or an investor targeting the family/trades rental niche. Recent sales in Mahomets Flats and nearby suburbs provide essential context. While direct comparables are not detailed in the data, the property’s last sale at $320,000 in 2013 suggests significant appreciation. The current asking price of $620,000 must be weighed against the provided market estimates ranging from $554,000 to $663,000. This discrepancy underscores the need for a precise, current valuation based on recent settled sales to justify any offer.