45 Pateman Place, South Yunderup WA 6208

Canal frontage in Murray Lakes | 4 bed, 3 bath, 3 car | Built 2020, 241sqm internal | Jack-and-Jill layout suits multigenerational buyers | Tightly held pocket, low turnover This property’s primary competitive advantage is its canal frontage within the Murray Lakes enclave, a precinct where listings are infrequent and buyer pools are motivated by lifestyle scarcity. The 2020 build eliminates deferred maintenance risk while offering modern thermal and waterproofing standards, which older canal homes often lack. The floorplan is unusually practical for a waterfront house: the Jack-and-Jill configuration and separate theatre room allow a multigenerational household or dual-family arrangement without compromising the master wing. For a buyer seeking a lock-and-leave canal residence with strong rental appeal or future resale depth, this house sits in a narrow band of comparable stock. The butler’s pantry and study nook add functional density that typical holiday-style canal homes omit. The main risk is price expectation relative to land value, given the 668sqm lot is modest for the canal segment and the prior land-only sale in 2002 provides no current benchmark. Buyers should verify whether the 241sqm internal area includes the theatre and storage, as some listings inflate total floor area with non-habitable spaces. The minor wing’s ensuites are shared, which may limit appeal to unrelated tenants or adult children seeking privacy. Opportunity lies in the absence of recent comparable sales—this allows a disciplined buyer to negotiate from land replacement cost rather than aspirational pricing. A pre-purchase building inspection and canal depth survey are non-negotiable here. Hold this property as a permanent residence or premium short-term let; its configuration resists subdivision but supports flexible occupation.