168 Ferndale Cres, Ferndale WA 6148
168 Ferndale Cres, Ferndale WA 6148
3 bed, 1 bath on 724m² | rare large block in a tight market | 85% owner-occupied street | 1 day on market
This property sits on a 724m² block in a street where 85% of residents are owners, not renters—a signal of low turnover and genuine neighbourhood stability. For a buyer, that land size is the real edge: in a suburb where the median house price sits at $795k, a block this large offers future flexibility that most nearby listings simply don’t. The property serves best someone with a longer horizon—either a family wanting space or someone looking to hold land in a tightly held pocket. The fact it’s only been listed a day suggests the seller may not have tested the market broadly yet, which can work in a buyer’s favour if approached early.
The main risk is the single bathroom and the 1994 sale date, which suggests the house may need updating and that the seller’s cost base is low—meaning they have room to negotiate but may also hold firm if they’re not motivated. The lack of pricing in the listing is a flag; it forces buyers to engage blind, which advantages the agent. The opportunity is that with only 7 recent sales on Ferndale Crescent and 34 in the suburb this year, comparable evidence is thin, so a well-researched buyer can set the agenda. The owner-occupier dominance reduces the chance of neighbouring investment properties dragging down standards, but it also means fewer motivated sellers—so patience and a clear budget ceiling are essential here.
Detailed Independent Property Report prepared by PropCred Analyst team for 168 Ferndale Cres, Ferndale WA 6148
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
This suburb presents a compelling investment case, with its housing market demonstrating robust and accelerating capital growth, significantly outpacing the unit segment. Strong rental yields, particularly for units, indicate healthy investor and tenant demand, further evidenced by houses transacting with notable speed. This dynamic suggests a market favoured by both owner-occupiers and yield-seeking investors, creating competitive conditions. Future performance will hinge on the continuation of these demand drivers against any affordability pressures from the rapid price appreciation.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
724m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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