5 Stencil Street, Alkimos WA 6038

3 bed, 2 bath, 2 car | 67% site coverage, 2021 build | Solar panels, reverse cycle AC | Alkimos, Wanneroo LGA, bushfire overlay This property’s competitive edge lies in its near-maximum site coverage—67% on a 315m² lot—which is rare for a 2021 build and signals efficient use of land in a growth corridor. The solar panels and reverse cycle air conditioning reduce ongoing utility costs, making it attractive to owner-occupiers seeking lower holding expenses. It serves best a first-home buyer or downsizer wanting a low-maintenance house with modern finishes in a school catchment area, where the high land-to-building ratio offers better long-term value than comparable newer builds. The bushfire overlay introduces a specific risk that may increase insurance premiums and limit some buyers, but it is manageable and does not affect resale in this established street. The 5-year growth story from 7 Stencil Street—33% annualised—suggests strong capital appreciation potential, though the current listing at $849k sits below the estimated value range, creating a buying opportunity if negotiated closer to the lower end. Hold this property for at least 5 years to capture the suburb’s ongoing infrastructure and school-driven demand.