29 Larimar Parade, Byford WA 6122
29 Larimar Parade, Byford WA 6122
4-bed house, 310mยฒ build, 510mยฒ lot, solar panels, near schools, Byford | FTTP and 5G coverage | Owner-occupied street | Low days on market locally
The propertyโs primary advantage is its size: a 310mยฒ building on a 510mยฒ lot offers generous internal space and a 61% site coverage, which is rare for a 2014 build in this price bracket. The solar panels and FTTP infrastructure add practical efficiency, while the streetโs 95% owner-occupancy rate signals stable, low-turnover neighbourhood quality. This house best suits a family seeking a move-in ready home with good school proximity and modern amenities, positioned to benefit from Byfordโs strong demand for 4-bedroom houses, where median days on market are only 12.
The main risk is the propertyโs recent listing without scheduled inspections, which may indicate a need for a quick sale or limited buyer interest at the current price point. The 2019 last sale date provides no recent comparable transaction, and the $899,000 list price sits above the local median of $825,000, requiring careful negotiation. The rental estimate of $795 per week offers a potential yield of roughly 4.6% at list price, which is reasonable but not exceptional. Hold for owner-occupation to capture the space and location benefits, or rent if the purchase price is negotiated below $900,000 to improve yield.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Byford is a high-growth family suburb on Perthโs south-eastern fringe, characterised by strong owner-occupier demand from young families and trades-based households. This demographic is driving rapid price appreciation, supported by significant population growth and a tight sales market with very low days on market. Future expansion is underpinned by ongoing population influx and established local amenities, though high mortgage penetration indicates sensitivity to interest rate changes, and affordability pressures are emerging relative to local incomes.