5 Fairview Gardens, Waterford WA 6152

Large family home | Opposite Canning River | 835sqm block | Renovation or land-bank opportunity This property presents a rare configuration for Waterford: a 4-bedroom home on a full-size 835sqm block directly opposite the Canning River. The land-to-location ratio is the primary competitive advantage here, as riverfront-adjacent sites of this scale are seldom available. For a buyer seeking a long-term family home with immediate lifestyle access or a future redevelopment angle, this property offers positional leverage that few nearby listings can match. The 290sqm internal footprint is substantial, and the four-car parking adds practical depth for a family or investor. The key risk is the property’s condition given the marketing language around renovation or value-add potential. No recent build date or structural details are available, so a thorough building and pest inspection is essential before committing. The conflicting automated valuations between Domain and Property.com.au suggest the market has not yet settled on a clear price point, which may create negotiation room for a prepared buyer. The opportunity lies in the street’s trajectory — neighbouring lots at 1000sqm command significantly higher values, indicating upward land-value pressure in Fairview Gardens itself.