24 Grove Street, Shoalwater WA 6169

24 Grove Street, Shoalwater WA 6169
994 m² block in Shoalwater | modest 1970s house with pool | scope to renovate or extend | located near beaches and parks. The primary buying case for this property is its large 994 m² land holding in a coastal pocket, where the existing 109 m² house offers a low building coverage of 11%. This configuration is distinctive for a buyer seeking a renovation project or future extension potential, supported by the absence of flood overlays and proximity to Safety Bay schools. The house itself is modest and original, which positions it as a land-value play suited to those who can tolerate a phased upgrade or redevelopment timeline. A bushfire overlay and a heritage overlay are both detected, each requiring verification of how they may constrain building works or subdivision feasibility. The price picture across sources is not aligned, so confidence in the guide cannot be formed from visible evidence alone. Until these overlays are clarified and a resolved price position is established, the property’s full suitability for a renovation or extension strategy remains an open question.
Detailed Independent Property Report prepared  by PropCred Analyst team for 24 Grove Street, Shoalwater WA 6169
Checks found:
Value Risk
Liquidity Risk
Planning Risk ! 1
Income Risk
Execution Risk
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Shoalwater WA 6169

Shoalwater presents as a coastal suburb with a balanced market, where strong recent sales activity and swift selling periods indicate robust buyer interest. Demand is driven by both owner-occupiers and investors, the latter attracted by solid rental yields, particularly for units which have seen exceptional capital growth. While house price growth remains steady, the market faces constraints from limited available supply and broader affordability pressures, with future performance sensitive to interest rate movements.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

2

Land

994m²

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Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst