111 Melvista Avenue, Nedlands WA 6009

Price estimate spread creates 22% buyer risk | Rental yield below 2% signals weak income case | No heritage or flood overlay removes key negotiation leverage | 68% site coverage limits future renovation potential The automated price estimates from Domain and propertyvalue range between $5.48m and $7.00m, exposing the buyer to a 1.5m gap that the market has not yet resolved. With rental yield barely scraping 1.6% and a 2015 sale at 4.15m showing only moderate capital growth over a decade, this property must be held as a long term family home rather than an income producing vehicle. The 68% building coverage and 26m elevation present no immediate physical risk but the high structural density means any serious renovation would require significant design intervention. The 1062sqm lot with a 724sqm internal floor plan is competitively rare in Nedlands where 73% of homes are owner occupied and demand for multi living areas with study and pool is consistently strong among families targeting Shenton College catchment. The solar panels and reliable NBN hybrid fibre coaxial add operational efficiency but are not the primary negotiating points here. This property serves best a buyer seeking permanent residence with space for generational living rather than a flipper or short term investor. These figures suggest the 2015 purchase price of 4.15m and 2011 price of 4.3m indicate the property has traded sideways for over a decade. The current estimate range implies the buyer is paying for the size and location rather than capital growth momentum. Contact PropCred for a comparative market analysis specific to your financing structure and timeline.