9 Magnolia Cres, Castletown WA 6450
9 Magnolia Cres, Castletown WA 6450
Renovated 4×1 Castletown | 766mยฒ near beach and school | new roof and bathroom 2025 | two living areas fenced yard
The buying case here rests on a rare combination in Castletown: a fully renovated four-bedroom house on a 766mยฒ block within walking distance to the beach and primary school. The 2025 new roof and updated bathroom remove the two most common deferred maintenance concerns for a 1973 build, while the two separate living areas and fenced yard give this property genuine family utility. For a buyer seeking a move-in-ready home in a coastal town with limited turnover of renovated stock, this property occupies a narrow competitive positionโmost comparable listings at this price point require work or sit on smaller lots.
The single bathroom is the primary constraint, particularly for a four-bedroom house that could attract families or future rental demand. Buyers should verify the deep sewer connection is active and confirm the wood-look flooring installation quality, as budget renovations sometimes conceal subfloor issues in older homes. The opportunity lies in the land-to-building ratio: at 31% coverage, there is room for a second bathroom addition or a studio if zoning permits, which would lift the property’s long-term ceiling. Hold this property for its location and recent structural upgrades, not for speculative land value.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 9 Magnolia Cres, Castletown WA 6450
Market Insight:
Castletown is a family-oriented suburb with strong owner-occupier appeal, evidenced by its high proportion of family households. Demand is primarily driven by this demographic, supported by consistent sales activity. The market is characterised by exceptionally strong recent price growth and rapid sales turnover, indicating high buyer competition. Future growth is underpinned by sustained demand, though the very low volume of available listings presents a key constraint on supply, potentially intensifying competition in the near term.