28 Covent Gardens, Stirling WA 6021

4 bedroom house | 351m² land | 58% building coverage | 90% owner-occupied street | Gwelup Primary 0.5km The property’s 58% building coverage on a 351m² block is unusually efficient for a 1995 build, giving buyers a rare configuration edge: full four-bedroom family living without sacrificing outdoor space. The high owner-occupancy ratio on Covent Gardens signals low turnover and stable demand, which supports resale liquidity. Solar panels and ducted air conditioning reduce holding costs, making this house suitable for a family prioritising school proximity—Lake Gwelup Primary within walking distance—over land banking. The primary risk is the land size itself: at 351m², future subdivision or significant extension is constrained, limiting upside for capital growth strategies. The 2016 sale price provides a benchmark, but the current estimate range of $1.3m to $1.46m suggests the market has already priced in the location premium. Buyers should negotiate firmly toward the lower end, as the 9-day listing period indicates no immediate competition. Hold this property as a long-term family home; its value lies in utility and location, not redevelopment potential.