232 Kookaburra Way, Vasse WA 6280

2.02 ha rural residential | 1993 brick veneer 4×2 plus study and theatre | powered shed and dam | tenanted to March 2027 | future structure planning area This property is best understood as a larger rural-residential holding in Vasse, where most stock is modern and on smaller lots. A 2.02 ha lot with a dam, internal fencing, and a powered shed is provided, giving genuine hobby-farm appeal. The four-bedroom house is fitted with a study, theatre room, and a large patio, and the 196 sqm floor plan is practical for family living. It is tenanted until March 2027, so rental income is already in place. The best-fit buyer can be served: families wanting acreage close to Busselton, or investors looking for land-banking potential in a future structure planning area. Value may be affected by the 1993 build and its maintenance needs. Against newer Vasse homes, the house could be perceived as dated. Land size, shed, and dam are likely to be given more weight than finishes. Subdivision potential might be seen as upside, though conditional. Income certainty is provided by the tenancy, though owner occupation may be delayed. >> Comparable Sales: 71 and 72 Kookaburra Way, similar 2ha rural properties, recent settlements around $1.2M to $1.3M | Property Price Band: $1.2M to $1.3M | Value Drivers: land size, subdivision optionality, tenancy income