54 Redcliffe Avenue Balga WA 6061

Large 728m² flat block | 3-bed 1969 house | Games & outdoor areas | Balga school catchments | No overlays This property’s primary competitive strength is its significantly larger 728m² land parcel in a suburb where 80% of buyers are owner-occupiers, indicating a stable, long-term neighbourhood demand. The flat block with outdoor entertaining and a games room serves a family buyer seeking space and functional living areas over modern finishes. Its position above the suburb median price is justified by this land size advantage and its lack of development constraints like bushfire or heritage overlays, which simplifies ownership. The key risk is the older 1969 build, which likely carries latent maintenance costs and energy inefficiency that will impact holding costs. The current ‘under offer’ status after only seven days demonstrates strong market appetite, validating the pricing strategy. Acquire this for land value and hold as a long-term family home; its rental potential offers a viable holding position if required. Our tailored report would pressure-test the $936,000 estimate against true comparable sales and detail locality-specific insurance and due diligence checks. Recent suburb data shows 246 three-bedroom house sales this year with a median of $677,500 and a swift 12-day average market time. This property’s listed price sits above that median, which its larger land size and lack of overlays must substantiate against the single recent comparable sale noted. This market velocity confirms solid demand for the housing type.