14 Paddington Drive, Hannans WA 6430

14 Paddington Drive, Hannans WA 6430
3 bed | 756m² | 90% owner-occupied | large patio with bar This property offers a rare configuration advantage in Hannans: a generous 756m² block with a large rear patio and in-built bar, paired with a 6m x 3m shed. For a buyer seeking space for entertaining or hobbies, this is a competitive edge in a market where most 3-bedroom houses sit on smaller lots. The street profile is notably stable, with 90% owner-occupancy and 67% long-term residents, which signals low turnover and a settled neighbourhood. This house best suits a buyer who values outdoor living and room to spread out, rather than needing proximity to secondary schools. The primary risk is the single bathroom, which may limit appeal for families or future resale in a market where two bathrooms are increasingly expected. The property last sold in 2020, and with median days on market at just 9, any overpricing could see it linger. However, the opportunity lies in the street’s low renter concentration and high owner-occupancy, which typically supports price stability. The large shed and patio are genuine differentiators that, if presented well, can command a premium over the median.
Detailed Independent Property Report prepared  by PropCred Analyst team for 14 Paddington Drive, Hannans WA 6430
Checks found:
Value Risk 2
Liquidity Risk
Planning Risk 2
Income Risk
Execution Risk ! 1
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Market Insight

Hannans is positioned as a high-demand residential market, driven by young professional families seeking established housing. This demographic is fueling a market characterised by exceptionally strong capital growth and rapid sales, with houses transacting in a matter of days. The sustained low vacancy rate and robust rental yields underscore a fundamental supply-demand imbalance. Future growth is underpinned by this persistent undersupply, though the high proportion of mortgaged owners suggests potential sensitivity to economic shifts.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

2

Land

756m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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