5 Luxmoore Green, Erskine WA 6210

Cul-de-sac position | Opposite parklands | 719sqm block | Original condition with renovation upside This property’s competitive strength lies in its land size and positioning. A 719sqm block at the end of a quiet cul-de-sac, facing parkland, is uncommon in Erskine and gives a buyer immediate scarcity value. The original 1992 condition, while dated, means the purchase price reflects the land and location rather than improvements. For a buyer willing to renovate, the gap between the asking range and the estimated market value of around $877k offers a clear equity pathway. The configuration—three bedrooms, two bathrooms, plus a study and workshop—suits families or downsizers wanting space without a two-storey footprint. This property serves best for a buyer who can see past the current finishes and values long-term land holding over turnkey convenience. The bushfire, flood, and heritage overlays are the primary risk. They may restrict some renovations, increase insurance costs, and affect future resale to cautious buyers. A buyer should factor in a professional overlay assessment before committing to structural changes. The upside is the rental yield potential: at an estimated $655 per week, the property could service debt while the buyer plans renovations. The long ownership history suggests minimal holding cost and substantial land value growth. Hold this property for its land and position; renovate only when the overlay constraints are fully understood.