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 Wannanup’s 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 property’s position below the suburb median provides upside as Wannanup’s market continues to strengthen.
Detailed Independent Property Report prepared by PropCred Analyst team for 24 Earl Street, Wannanup WA 6210
Checks found:
Value Risk
!
1
Liquidity Risk
✓
Planning Risk
✓
Income Risk
!
1
Execution Risk
!
1
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.
PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
-
Land
420m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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