50 The Crest, Woodvale WA 6026
50 The Crest, Woodvale WA 6026
5 bed house | Woodvale | in-ground pool | 796sqm lot
The case for buying this property rests on its combination of scale and amenity. A five-bedroom home with a study and pool on nearly 800sqm within a strong school catchment is scarce in this market. The lotโs 25% building coverage leaves room for future extension or subdivision potential, and the solar panels reduce ongoing costs. This suits a family seeking long-term accommodation with built-in lifestyle infrastructure, where the pool and study replace the need for external memberships or home-office rental.
The key risk is the 1980s build condition, which may require updating beyond cosmetic work. The 1990 sale history suggests no recent renovation, and the asking price sits below the estimated value range, implying the market has already priced in some deferred maintenance. The buyer should budget for a thorough building inspection and allocate $50,000โ$80,000 for potential electrical, plumbing, or roof work. On the opportunity side, the 21% street price growth and 90% owner-occupancy rate signal a stable, appreciating pocket. Hold this property for at least five years, and the land value alone should offset any initial capital outlay.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Woodvale is a long-established family suburb with a mature housing stock, bounded by major arterial roads ensuring strong connectivity. Demand is driven by families seeking stability, evidenced by exceptionally fast sales times. The market exhibits robust price growth, reflecting high competition for limited listings. Future performance is underpinned by this sustained demand against constrained supply, though its premium positioning may present affordability constraints during economic shifts.