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Location

Market Insights for Safety Bay WA 6169

New Listings (last 30 days)

Average price

$987,642

Lowest price

$579,000

Highest price

$2,000,000

93 Penguin Road, Safety Bay WA 6169

Expressions Of Interest From $1.19m

Search Band

$1.2M - $1.3M High Confidence Calculated based on strong search observations.

House 3 beds 1 bath 2 cars 1012 m²

Listed: 28 days ago

Overview

Positioned in a prime coastal pocket of Safety Bay, this timeless 1960s north-facing cottage offers a unique blend of character and practical living. The charming residence showcases classic original features such as beautiful Jarrah flooring, timber skirting boards, and lofty ceilings that together create a warm and inviting atmosphere.

Set on a substantial 1,012sqm R40-zoned block, the property presents significant opportunities beyond its immediate appeal. The expansive land allows for ample outdoor living, including pergola and patio areas tailored for entertainment or relaxation. This generous backyard space also creates possibilities for additional structures such as a workshop, pool, or granny flat, catering to a variety of lifestyle needs.

For those interested in development, the zoning provides the chance to subdivide the land into multiple lots, with concepts available for a triplex retaining the existing dwelling or a potential four-lot subdivision pending relevant approvals. This aspect makes the property attractive to investors, developers, or buyers seeking a substantial coastal landholding with future growth potential.

Well-appointed retro kitchen includes a freestanding electric stove, rangehood, overhead storage, fridge recess, and breakfast bar, supporting both functional meal preparation and casual dining.
Accommodates a king-size master bedroom along with spacious minor bedrooms, suitable for families or those needing extra space.
Comfort is enhanced by reverse-cycle split-system air conditioning in living areas and the master bedroom.
The north-facing verandah offers a tranquil spot to start your day with morning coffee, catching the gentle coastal breeze.
Close proximity to local amenities such as the boat ramp, shops, café precincts, library, and medical services complements the relaxed beachside lifestyle.
Natural attractions including the Safety Bay Foreshore and nearby marine parks provide opportunities for recreation like kayaking, kite surfing, and island exploring.

Currently tenanted with a stable rental income, transitioning to a periodic tenancy from late 2026, this property supports both investors seeking income and owner-occupiers planning for long-term lifestyle enjoyment or redevelopment.

Overall, this property uniquely combines beachside charm, solid character, and a vast block with outstanding development potential, making it a rare find in Safety Bay’s vibrant market.

Local Market Insights

In Safety Bay, Quiet Listings observed 53 new houses entering the market over the last 30 days, up from 45 during the previous 30-day period, with an average advertised asking price of $987,642. The property type mix of listed properties is predominantly Houses at 81%, followed by units (9%), and land (3%). The most active agency for houses in the Safety Bay area is currently Ray White, representing 21% of new listings, followed by Reiwa with 15%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.