20 Maslin Street, Capel WA 6271

20 Maslin Street, Capel WA 6271
Renovation shell | 1,054m² R20 block | Two living areas | Side-access unit potential | Stripped interior The property is positioned as one of the more configurable offerings in Capel’s current market. A 1,054m² block with R20 zoning and side access is considered to provide genuine redevelopment flexibility, a quality that is rarely paired with a value-add positioning. The brick-and-tile construction, two separate living areas, built-in robes, and a good-sized patio are retained, even though the internals have been stripped out. This is not viewed as a move-in ready family home; it is better understood as a project suited to a renovator or small-scale developer. For that buyer, the property is valued for its usable land, its proximity to Capel services, and its comfortable access to Busselton and Bunbury. The stripped-out condition may require a full rebuild, so final value may be set by renovation scope. R20 zoning and the large land component might support a future unit, subject to Shire approval. Holding costs are moderate, with council rates about $2,300. Rental use may be limited by the shell, though the strip-out might be treated as a blank canvas by a renovator.
Detailed Independent Property Report prepared  by PropCred Analyst team for 20 Maslin Street, Capel WA 6271
Checks found:
Value Risk ✓
Liquidity Risk ✓
Planning Risk ✕ 2
Income Risk ! 1
Execution Risk ✓
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Market Insight

Capel WA 6271 is a low-volume regional market, with 60 house sales and a median house price of $640,000. Prices have grown at an annual compound rate of 10.7% over the longer term, with recent yearly growth between 5.78% and 20.19%. Houses transact in 12-13 days, reflecting tight conditions. Owner-occupiers drive demand—60% of owners hold a mortgage—stretched by affordability at current prices relative to household incomes. Investors are attracted to a 4.72% house yield and 11.49% unit yield, though unit turnover is negligible. The 24% single-person household share adds diversity. Future growth relies on sustained demand against thin inventory; elevated mortgage dependence increases rate sensitivity. No vacancy or supply data is available; limited sales volume compounds market risk.
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PropCred Estimated Value

Comparable Sales: a renovated 3×1 brick house on a 900m² Capel block sold near $575,000; an unrenovated 3×1 on 1,000m² sold about $495,000 | Property Price Band: $500K-$600K | Value Drivers: strip-out condition, land size, R20 potential

Bedrooms

3

Bathroom

1

Parking

1

Land

1054m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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