8 Bolingbroke Street, Spearwood WA 6163
8 Bolingbroke Street, Spearwood WA 6163
Large 731 sqm lot | compact 104 sqm house | stable owner-occupier street | primary school nearby
This property sits on one of the larger lots in Spearwood, giving you a significant land holding in a neighbourhood where 80% of residents are owner-occupiers. The current house is modest, so the buying case hinges on the land’s potential rather than the existing dwelling. It is likely to suit a buyer who values space and is prepared to invest in renovations or consider a future rebuild, provided zoning allows. The proximity to Phoenix Primary School adds practical appeal for young families.
The main constraint is the lack of information about the house’s condition, with the property last transacting in 1997 you should budget for possible structural or system upgrades. Also, without confirmed zoning, any plans to subdivide or extend remain speculative. The pricing needs to be checked against comparable evidence for vacant lots rather than finished homes. A key unanswered question is whether the house is liveable as-is or requires significant immediate work, which will determine whether this is a straightforward renovation or a more capital-intensive project.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 8 Bolingbroke Street, Spearwood WA 6163
Market Insight:
Spearwood is a high-growth suburb experiencing exceptional capital appreciation, significantly outperforming neighbouring areas in both house and unit price growth. Demand is driven by a robust local workforce and strong rental returns, particularly for units, which are attracting investor interest. The market is characterised by rapid sales and rising rents, indicating sustained buyer competition. Future growth is underpinned by this momentum, though the pace of recent gains suggests a market approaching peak affordability for some segments.