27 Waterford Avenue, Waterford WA 6152

5 beds per major portals | 816m² land in South Perth | Flood & heritage overlays | 1989 build with solar This house presents a rare large block in a central suburb, with five bedrooms and three living areas offering functional space for a large family. The established 816m² parcel, with solar and modern connectivity, is positioned for long-term occupation. It best serves an owner-occupier seeking size and location over immediate luxury, as the significant variance between the asking price and independent valuations suggests premium expectations not yet supported by the market. The primary risk is financial overpayment against a conservative valuation range, compounded by heritage and flood constraints that limit redevelopment and increase holding costs. The modest rental yield confirms its suboptimal investment profile. Acquire only at a price aligned with Domain’s estimate, treating it as a permanent residence to justify the land value, not a speculative asset.