5 Pitt Street, Narrogin WA 6312
5 Pitt Street, Narrogin WA 6312
First-family sale | 3-bed cottage on 1,088m² | quiet pocket near town centre | workshop with phase 3 power | expansion scope
This property offers a rare combination of first-release family tenure and a generous 1,088m² block in a quiet, central pocket of Narrogin. The cottage’s high ceilings, light-filled layout, and established gardens provide immediate liveability, while the large workshop with phase 3 power and rear lane access create genuine utility for a hobbyist, tradesperson, or buyer planning future expansion. The double-sized main bedroom with French doors and garden outlook adds a point of difference for owner-occupiers seeking charm without major renovation. For a first home buyer or downsizer wanting a walkable position with room to grow, this represents a competitively positioned entry point in a stable regional market.
The primary risk lies in the property’s age—circa 1950—with no building or pest report publicly available, meaning structural condition must be verified independently. The single bathroom and toilet may limit appeal for families or future resale. Minor discrepancies in bedroom counts across listings (2 vs 3) should be confirmed on inspection. The opportunity is in the block’s expansion potential, subject to council approval, and the workshop’s phase 3 power, which adds niche value for buyers with specific workshop or business needs. Solar panels support ongoing utility savings.
Detailed Independent Property Report prepared by PropCred Analyst team for 5 Pitt Street, Narrogin WA 6312
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Narrogin is a tightly held regional market experiencing exceptional price momentum, driven by strong investor demand for high-yielding houses. Properties transact rapidly, reflecting a significant supply constraint against consistent buyer activity. This robust demand is underpinned by compelling rental returns, though the market’s limited diversity and low listing volumes present a concentration risk to future stability.
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PropCred Estimated Value
Bedrooms
3
Bathroom
-
Parking
-
Land
1095m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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