26 Wheelock Way, Morgantown WA 6701

688m² land | 3-bed low-set house | shed & air conditioning | flood and heritage overlays | strong rental demand A generous 688 square metre lot is provided by this older low-set house, a configuration that is not often found in newer subdivisions. A practical 3-bedroom, 1-bathroom layout is offered, with air conditioning and a shed adding everyday function. A quiet residential street position is held, which suits first-home buyers seeking an entry point, young families wanting land, and investors attracted by the demonstrated rental demand and realistic yield. The property was rented in May 2026, signalling an active tenant pool and supporting the buy-to-let case. Value may be tempered by the flood and heritage overlays on the lot, which might constrain future approvals and raise insurance costs. Updating may be required for the 1970s build, so the purchase price should leave room for improvements. The land component might be weighed as the strongest long-term feature. Price sensitivity has been shown in the market, so realistic expectations on presentation and pricing will matter. >> Comparable Sales: 25 Wheelock Way at $280k (June 2023) | Property Price Band: $200k-$300k | Value Drivers: condition, land size, presentation