5/217 Ferndale Cres Ferndale WA 6148

1982 brick villa | 3 bed 1 bath | 1.3-acre private lot | zoned residential Canning | Bannister Creek Primary catchment This property’s primary competitive strength is its substantial 1.3-acre landholding within a residential zone, a rare configuration for a villa that offers significant space and privacy at this price point. The brick and tile construction, three-bedroom layout, and location within established school catchments position it strongly for a family or an owner-occupier seeking a low-maintenance home with land utility, further supported by functional inclusions like air conditioning and built-in robes. The key decision rests on the premium paid for land size against the dated 1982 build, single bathroom, and limited comparable sales data, which obscures true market valuation. The opportunity is to secure a large, titled parcel in a settled area, with logic for long-term hold or future improvement. Proceed with an offer conditional on a building inspection and a PropCred report to validate the price against unlisted comparable sales, assess locality-specific risks, and clarify insurance implications for an older structure on a large block.