28 Lorenzo Way, Orana WA 6330

28 Lorenzo Way, Orana WA 6330
Corner block with dual access | dual double garages | flexible multi-living layout | 718sqm in Orana | 2009 last sale The defining buyer advantage here is the corner block with two-road access and two double garages, a rare configuration that creates immediate functional separation for vehicles, trades, or a home business without compromising the main residence. The 152sqm floor plan with multiple living zones serves families needing distinct spaces for children, guests, or work-from-home setups, and the brick-and-tile construction reduces ongoing maintenance. For a buyer targeting the Albany corridor, this property offers above-average land-to-building ratio and positioning that supports both family living and future subdivision potential if zoning permits. The lack of recent sales data and an asking price above $800,000 without a comparable benchmark means the buyer carries valuation risk, particularly if the 2009 purchase price suggests limited capital growth relative to the wider Orana market. The corner block, while functional, also increases exposure to street noise and reduces private rear yard space compared to standard lots. A building and pest inspection is non-negotiable given the age of the structure. The opportunity lies in negotiating from a position of knowledge, using the long hold period and absence of recent comparable sales to justify a below-ask offer. Hold this property as a long-term family home with optionality for a future granny flat or subdivision if council policy shifts.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

Market Insight:

Orana presents as a high-growth, family-oriented suburb with a young demographic, evidenced by its predominant age group and strong local workforce. Demand is currently robust, with houses transacting exceptionally quickly, indicating a competitive market with limited supply. Recent price performance has been exceptionally strong, reflecting this intense buyer activity. Future growth will likely be sustained by its established community and proximity to key neighbouring areas, though the rapid price appreciation warrants attention to affordability constraints.
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

4

Land

718mยฒ

Assessments Delivered Today

WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat