28 Elmslie Street, Orelia WA 6167
28 Elmslie Street, Orelia WA 6167
3-bed villa, 447sqm land | Orelia, 95% owner-occupied street | Bushfire overlay, no heritage | Built 1970, 85sqm internal
This property offers a rare combination of a freestanding villa on a full 447sqm block in a street where 95% of residents are owner-occupiersโa strong signal of neighbourhood stability and low turnover. The 85sqm internal footprint is compact but functional for a first buyer or investor seeking a low-maintenance entry point, while the land size provides future repositioning optionality. It best suits a buyer prioritising a solid land holding in a tightly held pocket over immediate amenity or space.
The bushfire overlay is a specific risk that may affect insurance costs and future development feasibility, though no flood or heritage constraints apply. The propertyโs 1970 build and single-bathroom configuration limit appeal to families seeking modern layouts, but for an investor, the rental midpoint of $595 per week against a $689,000 asking price implies a gross yield near 4.5%, which is competitive for the corridor. The short market time of seven days suggests either accurate pricing or limited exposure, not distress.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 28 Elmslie Street, Orelia WA 6167
Market Insight:
Orelia is a tightly held suburb with a stable, working demographic, where demand is driven by local trades and established families seeking affordability. This has created a competitive sales environment with rapid turnover, reflecting strong underlying demand. Recent price growth has been robust, supported by this consistent local buyer base. Future performance will hinge on the suburb’s ability to retain its affordability advantage and attract continued investment from its core demographic.