3 Felspar Street, Narrogin WA 6312
3 Felspar Street, Narrogin WA 6312
Federation character | large 1,214 sqm block | 2 bed + sleep-out | needs restoration | walk to town
A Federation-era house on a 1,214 sqm block is offered here, with two bedrooms plus a sleep-out, one bathroom, and generous parking for a single garage plus two open spaces. The large hallway, lounge and dining area, and wood fire are well suited to buyers seeking period charm, and the galley kitchen and raised patio add practical appeal. The block is arguably the strongest feature, being large enough for a shed, off-street parking, and a possible extension while remaining within walking distance of the town centre. This property is positioned as a renovation project, and the buyer it serves best is one who values land size, character bones, and the ability to build equity through improvement rather than a turnkey home.
The two-bedroom configuration may be seen as a constraint for growing families, and the dated presentation might require meaningful outlay before the house is fully comfortable. That said, the land size and central location could support a future reconfiguration or addition, which may lift long-term value. A slower local resale environment should be weighed when forming a view on price, as should the cost of bringing an older home up to a modern standard.
Detailed Independent Property Report prepared by PropCred Analyst team for 3 Felspar Street, Narrogin WA 6312
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Narrogin, a regional centre in Western Australia’s Shire of Narrogin, holds a population of 4,274. Demand is driven by acute supply constraints—just five properties for sale and two for rent last month—alongside a gross rental yield of 7.17% for houses. Median house prices range from $310,000 to $367,225, with annual growth running at 34–36%. Stock moves fast: houses average 8–10 days on market, and annual sales volume sits at roughly 111–118. Future growth rests on continued tight supply and high buyer absorption, though constraints are evident in a thin unit market, wide price-source variance, and a buyer profile weighted toward mature family households.
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PropCred Estimated Value
Comparable Sales: 34 Felspar Street, a 4-bed 1922 home on 1,922 sqm, in the $590k range; 3 Watt Street, a 4-bed/2-bath on 1,351 sqm, in the $1.3M range | Property Price Band: $300k–$400k | Value Drivers: land size, condition, period character
Bedrooms
2
Bathroom
1
Parking
-
Land
1213m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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