72 Northwood Street, Narrogin WA 6312
72 Northwood Street, Narrogin WA 6312
Renovated 1953 cottage | 889mยฒ block | heritage overlay risk | price jump from last sale
The heritage overlay introduces approval risk for future changes, but the recent renovation already modernised the kitchen and bathroom so you avoid immediate cost. The $350,000 listing sits well above the $289,000 estimated value meaning you pay a premium for the updates. The 889mยฒ lot at only 11% coverage leaves substantial expansion opportunity. This property suits a buyer who values a move-in ready home on a large block and plans to hold for steady growth rather than flip quickly.
The three bedrooms off a hallway layout is practical for families or downsizers, and the fully renovated interior removes typical renovation headaches. The generous land size offers rare space for sheds, gardens or future subdivision in a town with limited large block supply. First-home buyers or investors seeking stable rental demand in Narrogin will find this a solid entry point. Before proceeding confirm the heritage overlay restricts your intended use and arrange a building inspection to verify the renovation quality
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Narrogin is a tightly held regional market experiencing exceptional price momentum, driven by strong investor demand for high-yielding houses. Properties transact rapidly, reflecting a significant supply constraint against consistent buyer activity. This robust demand is underpinned by compelling rental returns, though the market’s limited diversity and low listing volumes present a concentration risk to future stability.