174 Anderson Street, Spalding WA 6530

Large 833m² lot in established suburb | 1976-built 3-bed home | Under offer swiftly | Strong rental yield signals | Near primary school. This property presents a competitively strong land component on a large, level block in an established location, served by good infrastructure and no major environmental overlays. Its rapid transition to under-offer status and solid rental estimate yield of nearly 5% indicate clear market demand. This house best serves a buyer seeking a straightforward, lower-maintenance investment with reliable tenant appeal, given its history and proximity to schools, or an owner-occupant valuing space over modern finishes. The primary decision rests on the 1976 build, which necessitates a rigorous building and pest inspection to budget for imminent system renewals, a cost risk offset by the land value. The absence of recent comparable sales data requires a conservative valuation approach. Proceed with a firm price ceiling reflecting its age, using its strong yield to service debt, and hold for long-term land appreciation while the existing dwelling provides cash flow.