24 Earl Street, Wannanup WA 6210
24 Earl Street, Wannanup WA 6210
3 bed, 1 bath on 420sqm | entry-level coastal house | below suburb median | long-held, low-maintenance offer
This property presents a rare entry point into Wannanupโs high-growth coastal market, where median prices now exceed $900,000. Its compact 3×1 configuration on 420sqm is competitively positioned for buyers seeking a lower-cost foothold in a suburb with 13% annual growth and limited stock. The open-plan living, ducted reverse-cycle air conditioning, and solar power align with demand for low-maintenance, energy-efficient homes, making it particularly suited to first-home buyers, downsizers, or investors targeting affordable coastal exposure.
The primary risk is the 3×1 layout, which limits appeal to families and may cap capital growth relative to larger homes in the area. The long ownership since 2000 suggests deferred maintenance may be present, warranting a thorough building inspection. However, the gap between the listing price and estimated value offers negotiation leverage, and the propertyโs position below the suburb median provides upside as Wannanupโs market continues to strengthen.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 24 Earl Street, Wannanup WA 6210
Market Insight:
Wannanup is a premier coastal canal suburb positioned for lifestyle buyers, with strong demand driven by downsizers and investors seeking waterfront properties and proximity to the Dawesville Cut. The market exhibits robust price growth supported by consistently tight supply and rapid sales, reflecting a competitive environment. Future growth is anchored to ongoing marina precinct enhancements and coastal infrastructure, though key constraints include a persistent shortage of listings and limited available land.