29 Koondoola Avenue, Koondoola WA 6064

3-bed house on 692m² land | Koondoola Primary catchment | Open tender sale | Last sold 2015 This property presents a clear land-value proposition, with its 692-square-metre block in a primary school catchment offering a rare suburban footprint for its price point. The house itself is modest, but the significant land component and established location serve a buyer seeking long-term hold potential, either for future expansion or as a land bank within a developing suburb. It is best suited to an owner-occupier prioritizing space and catchment access over immediate modern finishes. The primary risk is the opaque pricing mechanism of an open tender with a guide above $850,000, creating valuation uncertainty in the absence of recent, direct comparable sales. The substantial price growth since 2015 necessitates rigorous due diligence on current suburb ceilings. Proceed only with a firm budget cap based on a land-value assessment, treating the existing house as a holding utility. This is a strategic land purchase, not a premium home.