260 Estuary Road Dawesville WA 6211

Estuary frontage | elevated 271m² build | 1012m² lot | holiday rental yield proven | Halls Head College zone The buying case rests on a rare combination: direct estuary access on a full 1012m² lot with an elevated 271m² residence, offering both permanent coastal living and proven holiday rental income near $800 weekly. This positions the house as a dual-purpose holding — primary residence with strong short-stay potential, or a pure investment with above-average yield for waterfront stock. The catchment into Halls Head College and proximity to Dawesville beach and golf course broaden appeal to families and semi-retirees. The flood overlay is present but typical for estuary-edge lots; it does not materially affect insurability or resale in this precinct. The property serves best a buyer seeking a lifestyle-income hybrid in a tightly held waterfront corridor. The principal risk is the 1979 build: while structurally sound, systems and finishes may require capital expenditure within five years, particularly if the rental history has been intensive. The flood overlay and absence of bushfire or heritage overlays are neutral — the former is priced in, the latter simplifies renovation. The 27% site coverage leaves room for extension or a jetty upgrade, adding value without triggering full redevelopment. The sales history shows a 2022 purchase, meaning the current owner may hold a cost base that sets a realistic floor. Hold this property as a medium-term income generator with optionality to refurbish for capital gain, or transition to owner-occupation when the rental yield no longer justifies the premium.