94 Minsterly Road, Ocean Beach WA 6333

Bushfire detected | 10 days on market, no inspections | rental yield under 3.5% | site area larger than house condition suggests. The detected bushfire risk on a 1001m² block narrows the buyer pool and may increase insurance premiums by 15 to 25 percent annually, a carrying cost that compounds if the house is held as a coastal lock-and-leave. The asking price sits below the median site value for Ocean Beach, which suggests the seller has priced for a quick sale given the lack of scheduled inspections and the 10-day market exposure. This property functions best as a long-term hold where the land value growth outpaces the holding costs, not as a home requiring immediate renovation. The rarity here is the 1001m² parcel on a popular coastal road within walking distance to surf and inlet access, in a suburb where median house values have appreciated nearly 19 percent annually. For a buyer comfortable with the bushfire overlay, the house offers a functional shell on a site that commands a premium when subdivided or redeveloped in future cycles. The best fit is a patient buyer who prioritises land accumulation over move-in condition and who will inspect privately now to test the vendor’s readiness to negotiate on price and terms.