31 Blackwood Avenue, Hamilton Hill WA 6163
31 Blackwood Avenue, Hamilton Hill WA 6163
North-facing 809m² R30 block | 1960s original condition sold as-is | Multiple sheds & workshop | Zoned for established schools
This property presents a rare and competitively strong opportunity based on its substantial, north-facing land parcel in a developed suburb, a configuration increasingly scarce. The R30 zoning, multiple outbuildings including a workshop, and the ‘as-is’ sale basis directly serve a buyer seeking a long-term hold with future development potential or immediate utility for trades, storage, or renovation. It is best suited to an owner-occupier or investor with renovation capability or a strategic land-bank perspective, capitalizing on the block’s orientation and size rather than the dated dwelling.
The primary risk mechanism is the cost to modernize the original 1960s house, which demands immediate capital and offsets the initial price position. The bushfire overlay necessitates due diligence but is mitigated by the urban location. The commercial logic is securing a large, serviced block below replacement land cost, with reliable utilities and school catchments providing stable occupancy. Acquire for hold, renovate incrementally to preserve equity, or redevelop under the existing zoning.
Detailed Independent Property Report prepared by PropCred Analyst team for 31 Blackwood Avenue, Hamilton Hill WA 6163
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Hamilton Hill is a well-located coastal suburb attracting a diverse mix of young professionals, families, and downsizers drawn to its walkable lifestyle and proximity to Fremantle. Demand is strong, particularly for units, with the market characterised by rapid sales and consistent price growth. This momentum is underpinned by its enduring lifestyle appeal and accessibility, though its popularity and rising values present ongoing affordability considerations.
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PropCred Estimated Value
Bedrooms
Bathroom
Parking
1
Land
809m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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