28 Turramurra Way, Greenwood WA 6024
28 Turramurra Way, Greenwood WA 6024
detached house on 749sqm | 3 bed, 1 bath, 2 car | sold 2018, no recent resale | established Greenwood street | family block with redevelopment potential
The propertyโs primary strength lies in its generous 749sqm lot, which is increasingly uncommon in Greenwoodโs newer infill developments. Combined with a solid 143sqm internal footprint, the house offers immediate family living space while the land itself holds future subdivision or renovation potential. The detached configuration on a mature street serves buyers seeking a larger block in a settled suburb, likely owner-occupiers or investors targeting long-term capital growth. The 2018 sale date provides a clear historical baseline, though the lack of subsequent transaction data means current market positioning relies on broader street-level trends rather than a direct recent comparable.
The absence of confirmed building age, finishes, and aspect introduces valuation uncertainty, as these factors can materially affect price in a street dominated by established homes. A buyer should weigh the cost of potential upgrades against the landโs inherent value, particularly if the dwelling requires modernisation. The lack of rental yield or vacancy data means income-focused buyers must independently verify achievable rent. While the large lot suggests redevelopment opportunity, no zoning or planning activity is confirmed, so any future use assumptions remain speculative until local council checks are completed.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 28 Turramurra Way, Greenwood WA 6024
Market Insight:
Greenwood is a well-established family suburb favoured for its strong transport links and quality school catchments. Demand is driven by owner-occupying professionals seeking family homes, creating a highly competitive market with rapid sales. Recent price growth has been robust, supported by this strong local demand and limited sales inventory. Future prospects are underpinned by planned infrastructure, though affordability constraints and sensitivity to interest rates present key risks to continued momentum.