27 Armagh Street, Victoria Park WA 6100

Flood overlay on title | Market heat adds premium risk | Leasehold build density at 53% | Low land-to-improvement ratio This property faces a defined flood overlay, which may increase insurance costs by 15–30% and complicate future refinancing or resale. The 53% site coverage leaves minimal outdoor space, limiting appeal for families or those wanting a garden—a constraint that buyers in a rising market often discount only to discover later. A reasonable bid could sit below the upper estimate range, given these structural limits, making this a hold-for-income property rather than a land-banking play. Its strength lies in high-spec finishes, lock-and-leave convenience, and proximity to Raphael Park and the Swan River—rare for a 1997 build in this suburb. The flexible floorplan with a ground-floor bedroom and third bathroom suits professionals or downsizers seeking single-level living. Without comparable sales data, the estimated value range carries assumption risk; a buyer should request a formal valuation and confirm insurance quotes for the flood zone before proceeding.