17 Francis Street, Waikiki WA 6169

vacant coastal block | 350sqm near beach | developed as 3×2 house | estimated $1.12m value uplift The property at 17 Francis Street presents a compelling buying case for someone seeking a finished coastal home in Waikiki without having to build. The 350sqm block, purchased as vacant land in 2022 for $285,000, now supports a 3-bedroom, 2-bathroom house with 140sqm of internal space, representing a significant value uplift to an estimated $1.12 million. This configuration suits a buyer who values a turnkey beachside residence in a tight coastal market, where finished houses on small blocks are increasingly rare and command premiums. The location near the beach adds lifestyle demand, making it ideal for a downsizer or a small family wanting proximity to the coast without ongoing construction risk. The primary risk is the valuation estimate’s reliability, as portal-generated figures can be inflated or based on incomplete data, potentially overstating the property’s true market position. The small 350sqm block limits future subdivision or extension options, which may affect resale appeal for buyers seeking larger land holdings. However, the opportunity lies in the property’s completed status, removing building cost and timeline uncertainty. For a buyer, holding this property as a primary residence in a coastal corridor with constrained supply offers reasonable capital stability, while using it as a rental would target strong demand for low-maintenance beach houses. Hold it as a finished home in a location where land is the scarce commodity.