31 Wilberforce Street, North Beach WA 6020

Dual-title risk | non-standard lot | full renovation priced in | low clearance comparables The 1079m² lot masks a 75m² duplex portion, so the buyer is paying high-$1M pricing for a small unit with shared land. The renovation premium is already captured in the list price, and the 0% auction clearance on comparable sales suggests weak demand at this threshold. This property holds best as a tightly held rental given the land value, but not as a short-term flip. What is competitively strong here is the scarcity of renovated duplex stock in North Beach and the large underlying lot size, which could attract a developer in the long term. For a buyer seeking a turnkey home in a prime coastal catchment with ownership rates above 66%, this property serves well. The fully renovated condition and walkability to schools reduce ongoing capital outlay, but the price must be anchored firmly to unit value, not house value. Start by obtaining a formal duplex-title valuation and reviewing the strata or survey strata documents to confirm development potential.