3 Rayne Street, Maddington WA 6109
3 Rayne Street, Maddington WA 6109
4 bed on 683mยฒ | 1972 green-title house | family and investor demand | primary school catchment
This property is competitively distinguished by its 683 square metre green-title block, which is notably spacious for an established Maddington house and provides flexibility for families or investors seeking land utility. Built in 1972, the four-bedroom, one-bathroom configuration serves growing households well, while its primary school catchment and proximity to transport support broad buyer appeal. The combination of generous land and detached housing positions it as a practical choice for those prioritising space over modern finishes, with listing presentation emphasising multiple living areas and street appeal.
The 2023 sale price of approximately $470,500, compared to the current asking price, may indicate significant market movement or repositioning that prospective buyers should verify through inspection and local sales evidence. The older build era and single bathroom may limit appeal for some purchasers, potentially affecting resale or rental demand. Rental yield estimated near 4.7% may offer reasonable returns, though this depends on achievable rent relative to final purchase price. Buyers are advised to assess the property’s condition, renovation history, and any unverified internal features when forming a price view.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 3 Rayne Street, Maddington WA 6109
Market Insight:
Maddington is a suburb with strong demand from working professionals, particularly tradespeople, underpinning its market. This demographic is driving robust price growth, with recent sales activity reflecting a fast-moving and competitive environment for houses. Future prospects are supported by this solid demand base, though the limited current supply of both rental and sale listings presents a key constraint on market fluidity.