65 Chisham Avenue, Parmelia WA 6167

Elevated reserve backing | 819m² with 23% site coverage | full renovation | Orelia Primary zone The 819m² block with 23% site coverage gives a rare expansion margin for a fully renovated house, and the reserve backing adds privacy that most Parmelia properties lack. This combination suits a buyer wanting move-in condition with future extension potential, or a family who values the school catchment and long-term holding capacity. The renovation removes immediate capital outlay, which strengthens your negotiating position against unrenovated comparables. The bushfire overlay is a real constraint—it may push insurance premiums higher and limit some future development options. The 1-bathroom configuration will narrow the buyer pool at this price point, and the 2010 last sale date means no recent equity history to benchmark. However, the 85% owner-occupied street profile and 71% long-term residents in Parmelia signal stable neighbourhood demand. Hold this property for at least five years to let the renovation premium mature and the block’s subdivision potential gain value.