40 Burgoyne Street, Northam WA 6401

Large 964sqm block | 1950s character home | No overlays | Strong rental demand | Suburb median tailwind This property offers a rare combination of a generous 964sqm land holding and a solid 92sqm four-bedroom layout in a suburb where the median house price has risen significantly since 2023. The absence of bushfire, flood, or heritage overlays removes common constraints, giving a buyer flexibility for future renovation or extension. With 80% owner-occupancy on the street and strong rental potential around $615 per week, the property suits both a family seeking space in a well-serviced town and an investor looking for yield plus land appreciation. The 1952 build, while dated, provides a blank canvas rather than a liability, as the structure and services are already in place. The primary risk is the building’s age and the 100% site coverage, which may limit immediate redevelopment without planning approval. However, the large lot and residential zoning create a long-term opportunity to add value through a thoughtful renovation or, if permitted, a secondary dwelling. The property has already doubled in value since 2023, so future gains may moderate, but the land component remains the key driver. The lack of recent comparable sales on the street means pricing relies on broader suburb data, which currently supports the listing range.