59 Meadowbrook Drive, Parkwood WA 6147

59 Meadowbrook Drive, Parkwood WA 6147
3 bed | 2 bath | 2 car | 703 m² land | 149 m² internal | sold Feb 2023 for $580k This house sits on a generous 703 square metre block, which is a meaningful advantage in a suburban market where land size is often the primary driver of long-term value. The 149 square metre internal footprint is moderate but functional, offering three bedrooms and two bathrooms in a layout that suits a young family or downsizer looking for single-level living without excess space to maintain. Parkwood is an established residential suburb, and this property represents a standard detached house format rather than a high-density offering, which tends to appeal to buyers seeking privacy and outdoor space. The configuration is straightforward and practical, with double car accommodation adding everyday convenience. The sole confirmed sale point is the February 2023 transaction at $580,000, which may now feel dated given market movement since then. Without verified build year or finish quality, the condition and age of the house could materially affect how that price benchmark translates to current value. A property of this land size in a mature suburb may also carry redevelopment potential, but that depends on zoning and council position—neither of which is confirmed from available data. Buyers should weigh the land-to-dwelling ratio carefully, as the house itself may not command a premium if finishes are original or the layout feels dated.
Detailed Independent Property Report prepared  by PropCred Analyst team for 59 Meadowbrook Drive, Parkwood WA 6147
Checks found:
Value Risk 2
Liquidity Risk ! 1
Planning Risk
Income Risk ! 1
Execution Risk 2
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Market Insight

Parkwood presents as a high-performing, established residential suburb with robust demand for houses, evidenced by rapid sales and strong capital growth. This dynamic is driven by a mix of owner-occupiers and investors, attracted by solid rental yields and a family-oriented demographic profile. The market is characterised by tight supply and swift turnover, indicating sustained buyer competition. Future performance will hinge on broader economic conditions and the suburb’s ability to maintain its appeal to this core demographic.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

703m²

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