39 Chesterton Street, Spearwood WA 6163

Solid brick 1980s build on 735sqm; under offer with multiple bids; renovation-ready with workshop; $1.09M valuation. Property Overview A four-bedroom, two-bathroom brick-and-tile residence built in 1980, positioned on a substantial 735-square-metre block in an established Spearwood neighbourhood. The 170-square-metre building footprint represents approximately 23 percent site coverage, leaving considerable land for expansion or alternative uses. Single ownership history adds to the property’s appeal for buyers seeking straightforward title and maintenance records. Configuration and Layout The home features a functional floor plan with distinct zones. The master bedroom occupies the front section with a walk-in robe and private ensuite. Three additional bedrooms with built-in robes are distributed through the property, with bedrooms two to four positioned to capture natural light. A rear wing contains a separate bathroom, laundry, and toilet, creating spatial separation beneficial for multi-generational living or rental subdivision potential. The kitchen overlooks casual dining and includes a double sink, electric cooktop, rangehood, pantry, and substantial cupboard storage. Polished jarrah timber flooring runs through living areas. A double lock-up garage with remote control sits at the front, with roller door access to a powered workshop featuring sink facilities. Additional space accommodates boat, caravan, or multiple vehicle parking. Outdoor Space and Improvements The large backyard includes newly installed Colorbond rear fencing and a shaded alfresco area suitable for entertaining. The 21-metre block width maximises parking and vehicle storage options. A gas hot water system services the property. Market Position and Buyer Suitability Currently under offer with multiple bids written, indicating strong buyer competition. The property attracts three distinct buyer segments: families seeking renovation-ready homes with functional layouts, investors targeting renovation-add-value strategies, and owner-occupiers desiring space and workshop facilities. The 1980s construction presents both opportunity and consideration. The solid brick-and-tile build offers durability, but the home requires modernisation to compete with newer stock. The layout provides an excellent foundation for staged renovation, with the master ensuite and kitchen presenting primary update candidates. The workshop and generous land position appeal to tradespersons, small business operators, or hobbyists. Location and Accessibility Spearwood positioning offers proximity to established infrastructure without premium pricing. The suburb sits within walking distance to Smart Park, Newton, and St Jerome’s Primary Schools, Star Gate Shopping Centre, and public transport connections. Coogee Beach, Port Coogee Marina, and Fremantle are accessible by short drive, providing lifestyle amenities beyond typical suburban offerings. The property falls within the Cockburn local government area with no bushfire, flood, or heritage overlays, reducing regulatory constraints. Newton Primary School and Fremantle College form the intake schools. Reliable NBN Fibre to the Premises and 5G mobile coverage support contemporary connectivity needs. Demographic Context The surrounding area skews toward established families and mature residents, with 28 percent of the population aged 40-59 and 26 percent aged 60 and above. This demographic composition suggests a stable, lower-turnover neighbourhood with community-oriented character rather than transient rental populations. Rental Yield and Investment Metrics Estimated weekly rental income sits at 830 dollars, with a confidence range between 755 and 905 dollars weekly. This translates to approximately 43,000 dollars annually at mid-range estimates, yielding roughly 3.9 percent gross return on the 1.09-million-dollar valuation. The rental positioning targets family tenants seeking space and established neighbourhood amenities rather than premium or boutique rental markets. Growth Drivers and Opportunities The substantial land holding presents subdivision or extension potential subject to local planning requirements. The workshop and parking configuration appeal to owner-operators or service-based businesses operating from residential premises. Renovation staging allows incremental value addition without requiring full-scale reconstruction. The proximity to Port Coogee Marina and emerging Fremantle precinct activity positions the property within a growth corridor, though not at the epicentre of major development. Market Signals and Demand The under-offer status with multiple bids indicates strong buyer interest despite the property’s age and renovation requirements. This suggests market appetite for value-add opportunities in established suburbs with functional layouts and substantial land. The property appears to have attracted competitive interest within approximately two weeks of listing, signaling demand from both owner-occupiers and investors. Considerations and Risks The 1980s vintage requires inspection for building condition, electrical systems, and potential asbestos presence in fixtures or insulation. Renovation costs will impact investment returns for buyer-renovators. The property’s appeal depends heavily on buyer appetite for modernisation work rather than turnkey occupancy. Market positioning relies on land value and renovation potential rather than existing condition premium. Proximity to industrial areas and Fremantle port activity may introduce occasional noise considerations depending on wind direction and operational schedules. The property suits buyers with renovation vision, space requirements, or investment intent rather than those seeking immediate occupancy without updating. The under-offer status indicates the market has already recognised value in this configuration and positioning.