23 Maroonah Road, Golden Bay WA 6174
23 Maroonah Road, Golden Bay WA 6174
Bushfire overlay | 915sqm land | Under contract since April | Coastal proximity
This property’s primary mechanical risk is the bushfire overlay, which may increase insurance premiums by an estimated 15-25% over standard policies and impose stricter landscaping requirements. The 915sqm block offers expansion potential, but with only 29% building coverage, any subdivision or additional structure would require careful site assessment. The property is best held as a long-term coastal residence rather than a renovation flip, given its already upgraded condition.
The competitive strength lies in the balance of a fully renovated interior on a generous land parcel within walking distance to the Golden Bay foreshore, a rare combination in this market. For a buyer seeking established coastal living with room to add value through landscaping or future outbuildings, this presents a turnkey position. The under-contract status signals urgency; proceed with due diligence on the bushfire overlay and confirm whether the current offer includes your intended terms.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Golden Bay is a high-growth, trades-oriented suburb with exceptionally strong buyer demand, evidenced by rapid sales and low days on market. This demand is driven by its established homeowner base, leading to significant annual price appreciation. The market is characterised by robust turnover and a focus on houses, though high mortgage ownership indicates sensitivity to interest rates, while limited unit supply constrains diversity for future buyers.