35 Stuart Road, Moresby WA 6530

38% 6-month list-to-sale gap | 82% price jump | 1-ha subdividable block | no flood overlay | 6-bed granny-flat income split This property carries two clear risk mechanisms. The six-month price jump from $540k to the current band implies either a major value-add event or market mispricing; due diligence must confirm which. The granny flat and 1-ha zoning create genuine income-splitting and future subdivision optionality, but the $950k-$1.05M range sits well above the $640k-$990k estimates suggesting a premium you pay now for optionality that may take 3-5 years to realise. Judgment: hold for cash flow, not quick flip; the granny flat and shed offset holding costs while you wait for zoning to work. The buying case rests on scarcity. A 1-ha block within 15 minutes of Geraldton CBD with no flood or bushfire overlays and residential zoning is rare. Six bedrooms plus a separate granny flat give you two independent rental streams on one title. Who this serves: a buyer who wants semi-rural scale with urban proximity, is comfortable with a longer investment horizon, and can manage multiple tenants or a multigenerational household. | Sale (Mar 2025) | $540k | 32 days | |—————–|——-|———| | Current list band | $950k-$1.05M | +82% in 13 months | Value inference: the market has repriced the land content; comparable 1-ha blocks in Moresby sit at $800k-$900k, meaning the structure adds $150k-$200k in today’s market, but you are paying near-peak for that optionality. Book a site inspection to verify the granny flat’s separate entrance and council subdivision appetite—those two checks will tell you if this is a cash-flow hold or a redevelopment play.