531A North Beach Road Gwelup WA 6018

Nearly new rear-positioned house | 4 bed 2 bath downstairs master | 221sqm on 351sqm lot | high-end finishes with alfresco deck | offers due May 7 This property occupies a rare configuration edge: a nearly new house in a rear position that delivers privacy without sacrificing proximity to Lake Gwelup Primary School and local amenities. The downstairs master suite with ensuite and walk-in dressing room is the standout feature, making the house suitable for multi-generational buyers or those wanting single-level living without losing upstairs separation. The 221sqm building on a 351sqm lot achieves 63% coverage, which is efficient for low-maintenance living but limits outdoor space—a trade-off that suits downsizers or professionals more than families needing a large yard. The wrap-around alfresco deck with ceiling fan extends the living area effectively, and the double garage with side parking adds practical utility. The key risk is the lot size: at 351sqm, there is limited scope for future extension or significant landscaping changes, and the rear position on a common driveway may affect resale appeal for buyers who prefer street frontage. The estimated value range of $1.01M–$1.53M is wide, suggesting uncertainty in the comparable data, and the listing band of $1.7M–$1.87M sits above the midpoint—meaning the buyer should negotiate firmly. The rental potential of $740–$1,065 per week offers a plausible hold strategy if purchase price lands near the lower end. Hold this property as a low-maintenance family home or rental, but do not pay a premium for the new-build finish without securing a price within the estimated value range.