38 Gilmore Avenue, Medina WA 6167

1963 house on 728sqm | heritage overlay | Kwinana zone | under market asking price This property presents a rare buying case: a 1963 house on a 728sqm lot in a Kwinana residential zone, listed below its estimated value. The 291sqm building with split system air conditioning, dishwasher, and outdoor entertainment area offers immediate liveability. The heritage overlay and school zone catchment create a stable demand profile for owner-occupiers seeking a family home with long-term holding potential. The reliable NBN FTTP and 5G coverage support remote work capability, while the 40% site coverage leaves room for future improvements. The heritage overlay is the primary risk, limiting redevelopment options and potentially affecting resale speed. The 1963 build may require updating, and the single bathroom is a constraint for families. However, the $600,000 asking price sits well below the $706,000 estimate, offering immediate equity. The $570 weekly rental potential provides a fallback income stream. For a buyer, this property works best as a held home with gradual upgrades, not a flip.