4 Cypress Mews, Warnbro WA 6169

4-bedroom family house | Warnbro Parklands Estate | 708sqm block | 22% building coverage This property offers a rare combination of generous land in a tightly held 18-property mews with only 22% building coverage giving clear extension or dual-living potential. For a family or investor the 153sqm floorplan with ensuite and workshop is functional not luxurious, but the land-to-house ratio and sought-after pocket create a competitive edge over typical Warnbro offerings. The buyer who sees the site as the primary asset rather than the house will be best positioned. The 2013 purchase price of $360,000 versus current estimates around $870,000 to $1,006,000 reflects strong land appreciation but also raises the risk of paying near the top of a cycle in a suburb where 28% renters suggest softer demand. No bushfire or flood overlays reduce insurance costs, and FTTP NBN adds minor convenience. The house itself is 32 years old and likely needs updating, which a buyer should budget for rather than assume rental yield at $720 per week will cover holding costs. Hold for land value growth or develop if zoning permits, but do not overpay for a dated build on a good block.