15/36 Henry Street, East Cannington WA 6107
15/36 Henry Street, East Cannington WA 6107
Modern 2×2 unit | strong value growth | low-risk location | rental upside potential
This property offers a compelling buying case for investors or owner-occupiers seeking a modern, low-maintenance unit in a well-performing market. The 84 square metre floorplan with two bathrooms and secure parking provides a configuration that appeals strongly to professional couples or small households, while the 2017 build year means minimal immediate capital expenditure. The location within East Cannington places it near transport corridors and the Canning local government area, which has shown consistent demand for this unit type. The substantial value increase since 2021 suggests the suburb is experiencing genuine price appreciation driven by buyer demand rather than speculative activity.
The primary risk is the lack of current market exposure, which may indicate pricing expectations exceeded buyer appetite at the $599,000 level. The 0% auction clearance rate for comparable stock warrants caution, though the average four days on market suggests well-priced units transact quickly. The large 2026 square metre block is almost certainly strata common property, not exclusive land, so no development upside should be assumed. The rental estimate of $640 per week provides a gross yield around 5.3% at the $616,000 valuation, which is respectable for a modern unit but not exceptional. The absence of bushfire, flood, or heritage overlays reduces insurance and approval risk, and 5G mobile coverage supports tenant appeal without being a prime value driver.
Detailed Independent Property Report prepared by PropCred Analyst team for 15/36 Henry Street, East Cannington WA 6107
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
East Cannington is an established residential suburb characterised by strong recent capital growth, particularly for units, and a notably fast-moving market for houses. This demand is supported by its relative affordability and proximity to Perth, appealing to owner-occupiers and investors seeking solid rental yields. Future growth will likely be anchored by its established nature and limited new supply, though its reliance on neighbouring areas for amenities presents a key constraint.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
2026m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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