204 Suffolk Street, Caversham WA 6055

4 beds, 3 living, 176sqm build | 360sqm lot, low site coverage | heritage overlay registered | solar, dual garage, courtyard The property’s configuration—four bedrooms with three distinct living areas on a compact 176sqm footprint—offers genuine functional density rarely found in a standard Caversham house. For a buyer targeting a family home where separation of zones matters, this floorplan competes with newer townhouses while retaining a detached house title. The 49% site coverage leaves meaningful outdoor space without the maintenance burden of a larger block, and the fully fenced courtyard with remote double garage adds practical security and storage. The solar panels and fresh paint reduce immediate post-settlement costs, and the heritage overlay—while a constraint—signals a property with character protections that can underpin long-term neighbourhood stability. This house suits a buyer who prioritises layout efficiency and low upkeep over land banking. The primary risk is valuation variance: recent estimates swing from $730,000 to over $1 million, and the $895,000 list price sits in the middle without a clear market anchor. The 2012 purchase price of $219,000 is irrelevant to today’s decision. The heritage overlay on the WA Aboriginal Places Register may limit future renovations or subdivision, and no comparable recent sales on Suffolk Street were identified to validate the pricing. The opportunity lies in negotiating from a position of data strength: the lower Domain valuation and the $745 weekly rental estimate suggest a yield below 4.5%, which may pressure a motivated seller. Hold this property as a long-term family home where the layout and location do the work, not speculation on land value.