249 Second Street, Wonthella WA 6530

1960s character home | large 1012m² lot in established suburb | 3-bed, 1-bath layout | no bushfire or flood overlays | fibre NBN This property presents a competitively strong land position within its suburb, offering a lot size double that of typical villas and rare in established areas. The absence of overlays removes significant approval risk, while the practical layout and character appeal serve a buyer seeking a low-complexity, long-hold family home or future subdivision candidate, given the coverage ratio. The decision hinges on the premium for land. The list price sits above recent comparable sales for similar configured houses, demanding a valuation gap justified by the larger parcel. Proceed only if the land premium aligns with a tangible plan—hold for land banking or occupy with a view to future development. As a pure residential purchase without that angle, the price lacks immediate market support. Secure only below recent sales benchmarks. Comparable sales indicate the current asking price requires justification: – 249 Seventh Street: Sold for $415,000. Similar 3-bed, 1-bath configuration but with a smaller internal area. This recent sale establishes a clear benchmark, suggesting the subject property’s $495,000 list commands a premium that must be directly attributable to its substantially larger 1012m² land component.