36 Murray Waters Boulevard South Yunderup WA 6208

Waterfront canal-front | 70m wide moorings | Private timber jetty | 3 bed plus study | Solar & modern finishes This property presents a competitively strong offering as a premium, low-coverage residence on a wide canal, directly serving buyers seeking an established boating lifestyle. Its generous 338m² building size and dedicated study on a 893m² lot provide functional space, while modern amenities like solar panels and fibre NBN support contemporary living without being primary value drivers. It best suits an owner-occupier prioritizing immediate waterfront access and presentation over lot size, as nearby properties trade larger land for this specific canal-front positioning. Decision hinges on accepting quantified risks from the bushfire and flood overlays, which will directly impact insurance premiums and require specific mitigation costs. The opportunity lies in acquiring a turn-key canal home in a sought-after precinct, where the $1.25 million ask sits below some estimated valuations, suggesting negotiated potential. Consider this a long-term lifestyle hold; proceed contingent on a current market valuation and detailed reports on overlay-related construction and insurance costs, which a professional advisory can secure to clarify true holding expenses. Recent comparable sales data is not explicitly detailed in the available information, limiting precise value benchmarking. The analysis notes the property last sold in 2022, and that 108 properties exist on the boulevard with sales history, but specific prices and dates for direct waterfront comparables are absent. This gap necessitates a professional, current sales audit to accurately position this home’s price against recent waterfront transactions.