17 Munday Way Medina WA 6167

1954 build | 728m² land | 7 car spaces | heritage overlay | 0.4km to primary school This property presents a strong land-value proposition with its substantial 728m² block and exceptional seven-car accommodation, a rare configuration that serves large families or trades-based occupants. Its low building coverage and heritage overlay signal a stable, established streetscape, while proximity to the primary school anchors its appeal to owner-occupiers. The recent rapid resale after a 2023 purchase indicates active investor interest and potential for value addition. The primary risk is the heritage overlay, which may restrict renovation scope and cost future owners. The 2023-to-2024 price increase demands scrutiny of genuine improvement versus market inflation. This property suits a long-term holder seeking land security over immediate yield. Our analysis would verify the overlay’s specific limitations, provide a true current valuation against recent street sales, and assess locality risks to inform your offer and insurance position. Recent sales context includes the subject property itself selling for $425,000 in April 2023. This sharp increase in list price within one year necessitates a detailed inspection to validate any capital improvements made. It underscores the importance of an independent valuation to separate market movement from added value.