30 Cobblers Street, Falcon WA 6210
30 Cobblers Street, Falcon WA 6210
3 bed | 1 bath | 2 car | 846 m² lot | 84 m² floor area | coastal style | development potential
The competitive strength of this property lies in its rare combination of a large 846 m² lot with a modest 84 m² house, offering significant redevelopment or extension upside in a beachside Falcon pocket. The coastal-Mediterranean styling and private, lightly treed setting appeal strongly to renovators, holiday-home buyers, and land-bank investors seeking lifestyle proximity to the estuary and ocean. This property serves best those who value location and land potential over immediate turnkey finish, as the modest dwelling size and single-bathroom configuration limit its appeal for families seeking a larger home. The large block and development potential are genuinely uncommon in this price segment, making it a distinctive offering for the right buyer.
The sale price may be influenced by the property’s modest floor area and single bathroom, which could narrow buyer interest and cap demand from families or those seeking a larger home. The 2023 sale price of $350,000 provides a recent transaction anchor, but current market conditions and the property’s redevelopment potential might support a higher value. Buyers should weigh the cost and feasibility of any renovation or extension against the purchase price, as the property’s value is tied more to its land than its existing dwelling. The absence of modern amenities like air conditioning or a pool may require additional investment, but the location and block size remain the primary value drivers.
Detailed Independent Property Report prepared by PropCred Analyst team for 30 Cobblers Street, Falcon WA 6210
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Falcon’s coastal positioning and established infrastructure attract families seeking a balanced lifestyle with good transport links. Demand is driven by this lifestyle appeal, reflected in strong annual price growth and a competitive rental market with rapid leasing. Recent conditions show sustained price appreciation, though rising listings and extended selling periods indicate emerging sensitivity to broader economic factors. Future growth is supported by its enduring appeal, yet key constraints include tightening supply and affordability pressures that may temper momentum.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
846m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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