44 Peake Way, Medina WA 6167

3 bed 1 bath on 802m² | Listed $719k fresh to market | Est value $799k rental $580pw | Heritage overlay quiet pocket Generous land holding with low 9% site coverage leaves room for extensions or subdivision potential, appealing to investors eyeing value-add plays or families needing extra space. Positioned in a stable established area with balanced age demographics—26% under 20, 29% 20-39, 28% 40-59, 17% 60+—it draws first home buyers seeking entry-level affordability, downsizers wanting low-maintenance living, and yield-focused landlords given the solid $580 weekly rental estimate at around 4.2% gross yield. Demand remains steady for larger older homes amid limited fresh supply, with quick interest in similar 3-bed listings on nearby streets signaling competitive buyer appetite without frenzy. The configuration suits compact family setups or rental needs, with three bedrooms, a single bathroom, and ample parking highlighted as a key draw, plus reliable NBN and 5G coverage for modern needs. Built in 1964 with 76m² internal space, it offers classic bones in a no-flood no-bushfire zone, though heritage listing caps major alterations and may deter quick renos. Proximity to Medina Primary School (1.5km) and Gilmore College (2.94km) aligns well for school-focused households, with SMYL Community College nearby (0.7km). Located on a quiet cul-de-sac in the Kwinana council area, it offers easy access to neighboring suburbs for amenities and work hubs, while presenting drawbacks such as a dated single-bath layout and heritage constraints limiting bold redesigns. Growth drivers include regional infrastructure momentum and a steady demand from young families, supporting land-banked assets like this, with opportunities to enhance rental appeal through minor cosmetic updates.