74 Lionel Street, Boulder WA 6432

3-bed house on 675m² lot | priced below estimated value | long-tenure street | no recent comparable sales This house presents a clear entry proposition, competitively priced below its estimated valuation on a large block in a street characterised by long-term residency. The configuration suits an owner-occupier seeking space or an investor noting the strong rental yield demonstrated by a nearby larger property. Its primary strength is the immediate equity position suggested by the list-to-estimate gap, serving a buyer prioritising land content over property condition, as finishes and age are unspecified. Proceed with the discipline that missing data constitutes risk. The absence of recent, direct comparable sales and specifics on building condition requires a thorough, independent building inspection and a valuation contingency in any offer. The street’s sales examples show volatile outcomes, underscoring that value here is land-driven. Acquire for hold; the lot size and tenure profile suggest a stable, long-term holding rather than a short-term trade, banking on land appreciation over time.