204 Newborough Street, Karrinyup WA 6018

2 bed, 5 bath | 268m² block | five ensuites | study and deck The property’s most striking feature is its extreme bathroom count relative to bedrooms—five ensuites for two bedrooms—which is almost unheard of in a 1958 build and signals either a major reconfiguration or a very specific design brief. For a buyer who needs to accommodate multiple independent occupants, such as adult children, guests, or a home business with client facilities, this layout removes friction and adds genuine utility. The deck, courtyard, and outdoor entertainment areas extend living space onto a compact lot, making the house feel larger than its footprint. Positioned in Karrinyup with no overlays and FTTP connectivity, it suits a professional or downsizer who values privacy and amenity over raw space. The study adds further flexibility for remote work. The mismatch between bedrooms and bathrooms creates resale risk if the next buyer is a family seeking standard proportions. The conflicting value estimates—ranging from $1.12m to over $2m—suggest the market has not yet agreed on what this configuration is worth, which means the buyer must negotiate from the lower end of evidence. Recent street sales for larger family homes around $1.6m to $1.95m set a ceiling; this property must be acquired well below those to leave room for future repositioning. The opportunity lies in converting one ensuite into a third bedroom or using the study as a bedroom, which would normalise the floorplan and broaden appeal. Hold for steady rental yield or renovate to rebalance the layout.