2 Mcginn Place, Castletown WA 6450

2 Mcginn Place, Castletown WA 6450
3 beds | 2 baths | 776mยฒ lot | 157mยฒ house | built 1990 | solar hot water | water tank | secure parking | full fencing | no overlays This property offers a rare combination of a generous 776mยฒ block with only 20% building coverage, leaving significant outdoor space for expansion or landscaping, while the 1990 build with solar hot water and a water tank provides moderate energy efficiency. The full fencing and secure parking appeal to families or those seeking privacy, and the location in Castletown with no bushfire, flood, or heritage overlays reduces due diligence risk. It is best suited for a buyer wanting a low-maintenance house with room to add value through renovations or a future granny flat, given the lot size and coverage ratio. The lack of sales history and floor plans introduces valuation uncertainty, and the estimated value range of $580,000โ€“$780,000 reflects medium confidence, meaning a buyer must budget for potential overpayment or negotiate hard. The single living area and basic finishes limit appeal to downsizers or investors seeking higher rental yields, but the outdoor entertainment area and secure parking create a competitive edge for owner-occupiers. Hold this property for medium-term capital growth, leveraging the land component and potential for subdivision or extension.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Castletown is a family-oriented suburb with strong owner-occupier appeal, evidenced by its high proportion of family households. Demand is primarily driven by this demographic, supported by consistent sales activity. The market is characterised by exceptionally strong recent price growth and rapid sales turnover, indicating high buyer competition. Future growth is underpinned by sustained demand, though the very low volume of available listings presents a key constraint on supply, potentially intensifying competition in the near term.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

776mยฒ

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