52 Balgore Way, Carey Park WA 6230
52 Balgore Way, Carey Park WA 6230
3 bed, 1 bath, 1959 house | 809m² R20/30 zoned lot | workshop & subdivision optionality | bushfire overlay
This property’s primary strength is its 809m² lot with R20/30 zoning, which signals redevelopment potential rarely found in standard suburban stock. The 1959-built house with a workshop offers immediate utility for an owner-occupier seeking space, while the land itself attracts investors and developers looking to hold for future subdivision. It sits in a mixed, established suburb where larger blocks with this zoning are not common, giving it a positional edge for those who value optionality over turnkey finishes. The property best serves a buyer who can see past the older dwelling to the land’s longer-term value, or an investor wanting solid rental demand from a $585–$615 weekly estimate.
The 1959 build age and limited finish data may mean the house requires updating, which could affect short-term livability or rental appeal. The bushfire overlay is a real constraint that may influence insurance costs and development approvals, so it should be verified early. The R20/30 zoning offers subdivision potential, but council consent is not guaranteed, and the actual feasibility depends on site-specific checks. The 32% building coverage and 262m² footprint suggest the existing structure occupies a significant portion of the lot, which may limit how much can be redeveloped without demolition. These factors should be weighed carefully when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 52 Balgore Way, Carey Park WA 6230
Checks found:
Value Risk
✕
2
Liquidity Risk
!
1
Planning Risk
!
1
Income Risk
✓
Execution Risk
!
1
Carey Park WA 6230
Carey Park is positioned as an affordable entry point within the Bunbury region, attracting a diverse demand base of first-home buyers, yield-focused investors, and professionals seeking easy commutes. Recent price growth has been exceptionally strong, reflecting a persistent seller’s market with low rental vacancies and rising rents underpinning investor interest. Future growth is supported by ongoing infrastructure upgrades, though rising affordability pressures and an increasing supply of listings present emerging market constraints.
PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
-
Land
809m²
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Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst