29 Conway Street, Beachlands WA 6530

Dual-living potential with study | Under contract with multiple offers | 897m² corner positioning | $699k+ asking signals strong local demand The property offers a four-bedroom, two-bathroom layout on a substantial 897-square-metre corner allotment. The 352-square-metre building footprint covers about 39 percent of the land, leaving considerable space for extension or secondary dwelling development. A study adjacent to the main bedrooms provides flexible accommodation, while three parking spaces indicate capacity for a multi-vehicle household or rental appeal. Market positioning shows active buyer competition, with the listing moving to under-contract status. The asking price of $699,000 and above reflects confidence in local demand, while the estimated valuation sits around $740,000, suggesting room for negotiation or strong comparable sales activity in the area. The property suits investors seeking dual-living or subdivision potential, families requiring flexible space arrangements, and buyers targeting established residential areas with development potential. The workshop notation indicates appeal to tradespersons or hobbyists requiring dedicated work areas. Location advantages include proximity to Beachlands Primary School at 0.9 kilometres and Holland Street School at 1 kilometre, placing the property within established education catchment zones. The Greater Geraldton council area provides regional services and infrastructure. The property benefits from NBN fibre-to-premises connectivity and 4G mobile coverage. Rental yield potential reaches $655 weekly, translating to approximately 4.4 percent gross yield on a $740,000 valuation. The dual-living configuration and study flexibility support higher rental returns through dual-income arrangements or subdivision-based strategies. Growth drivers center on the substantial land holding relative to building coverage, enabling value creation through development or intensification. The corner positioning and generous lot size differentiate the property from typical suburban holdings in the area. Risks include the age of primary systems requiring inspection and potential remediation costs. The 39 percent building coverage leaves significant untested development potential, requiring council consultation for subdivision or secondary dwelling feasibility. Buyer competition evident from multiple offers may compress negotiation leverage for incoming purchasers. The property appeals to owner-occupiers seeking established neighbourhoods with development optionality and investors targeting rental yield enhancement through configuration flexibility. The under-contract status indicates strong local market absorption, though the multiple-offer scenario suggests pricing has aligned with current buyer expectations.