4 Benooka Gra Lakelands WA 6180

4 Benooka Gra Lakelands WA 6180
3 bed, 2 bath, 558mยฒ | 4 car spaces, solar panels | 95% owner-occupied street | No overlays, strong school catchment This house offers a rare configuration advantage for a family buyer: a 558mยฒ lot with 210mยฒ of internal space, 4 car spaces, and solar panels, all on a street where 95% of properties are owner-occupied. The absence of bushfire, flood, or heritage overlays removes common friction points, while the proximity to Lakelands Primary School and Mandurah Baptist College (both 0.4 km) strengthens its appeal to families. The property is best suited to a buyer seeking a low-maintenance, well-positioned family home with strong owner-occupied demand character. The primary risk is the recent rapid appreciation from $530,000 in December 2022 to the current listing, which may limit short-term capital growth. However, the estimated valuation of $971,000 and rental income of $695 per week suggest the property is priced below market value, creating a buying opportunity. The FTTP NBN and 5G coverage support remote work, but are not prime drivers. This house should be held as a long-term family home, with the option to rent if needed, given the strong owner-occupied street profile and school catchment.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Lakelands is a tightly held family suburb experiencing robust demand and strong price appreciation. The market is characterised by very low stock levels, leading to rapid sales and competitive leasing conditions. This dynamic is driven by sustained interest from owner-occupier families, supported by ongoing local development. Future growth is underpinned by these demographic fundamentals and infrastructure links, though the market’s sensitivity to interest rates and constrained supply present notable constraints on affordability and availability.
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PropCred Estimated Value

Bedrooms

3

Bathroom

4

Parking

4

Land

558mยฒ

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