47 Ferdinand Cres, Coolbellup WA 6163

Renovated 1960s character | 62% site coverage on 366m² | Bushfire overlay applies | Strong owner-occupier street This property presents a rare configuration edge in Coolbellup: a fully renovated 1960s house with 62% site coverage on a 366m² lot, which is unusually high for the area and signals that the dwelling has already maximised its footprint. For a buyer, this means no further development upside but an immediate move-in ready home with substantial square footage relative to land. The street’s 85% owner-occupier rate and 65% long-term residency indicate low turnover and stable demand, making this house best suited to an end-user seeking a low-maintenance family home in a cohesive neighbourhood, rather than a developer or flipper. The bushfire overlay is the primary risk, likely increasing insurance premiums and potentially limiting certain renovations or landscaping choices, which a buyer should factor into holding costs. However, the property’s strong rental yield potential—estimated at $755 per week against a $1.02–1.065m valuation—offers a viable exit if circumstances change, though the 11-day average days on market for similar houses suggests quick resale is achievable. Hold this property as a long-term residence or income-producing asset, capitalising on its renovated condition and stable street profile while monitoring insurance cost trends.