67 Goongarrie Drive, Waikiki WA 6169

Large 809sqm block | 3-bed functional layout | strong street growth | suited to value-add or hold | Waikiki coastal demand This property offers a rare combination of a substantial 809sqm block in a well-connected Waikiki location with a functional three-bedroom layout that provides immediate liveability and clear scope for enhancement. The street-level data shows consistent annual growth in the 7-26% range for comparable properties, indicating sustained demand in this pocket. For a buyer seeking a foothold in a growth corridor with room to add value through renovation or future subdivision potential, this house presents a compelling entry point. It is best suited to owner-occupiers wanting to build equity or investors targeting capital appreciation in a tight market. The primary risk is the current asking price, which sits above recent street comparables and may reflect vendor expectation rather than market evidence. However, the block size and absence of rental income data for this specific property suggest an opportunity to negotiate from a position of informed caution. The functional layout means minimal immediate outlay is required, while the large land component provides optionality for future development or extended outdoor living. A buyer should proceed with a thorough building and pest inspection and use recent street sales as leverage in any offer strategy.