291A Wharf Street, Queens Park WA 6107

291A Wharf Street, Queens Park WA 6107
3 bed 1 bath duplex on 514sqm | 97sqm internal | parking count inconsistent | sold May 2025 with vacant possession | rental yield around 4.2โ€“4.8% This property occupies a rare middle ground in Queens Park. A three-bedroom duplex sitting on a full 514sqm block offers more land than most attached dwellings in the area, which tends to attract buyers wanting the privacy of a standalone form without the full maintenance of a house. The 97sqm internal area is modest but functional for a small family, downsizer, or investor targeting the $600โ€“$650 per week rental bracket. The recent sale with vacant possession suggests the property is ready for immediate occupation or tenancy, which reduces holding cost for a new owner. The most natural buyer here is someone who values land content over internal square meterage and sees potential in an older-style duplex that has not been heavily renovated. The main factor to weigh is the inconsistent parking count across sources, which may affect convenience or perceived value for tenants and owner-occupiers alike. The 97sqm floorplan is compact by modern standards, so a buyer should confirm the layout works for their needs before committing. The absence of any stated build year or renovation history means a building inspection is essential to understand the condition of the structure, plumbing, and wiring. The land size is a genuine advantage, but without knowing frontage, easements, or subdivision potential, its full value remains unclear. A buyer should approach the price with caution and verify the physical details on site rather than relying solely on the data provided.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 291A Wharf Street, Queens Park WA 6107
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Market Insight:

Queens Park presents a compelling entry point into Perthโ€™s inner-ring market, attracting strong buyer and investor interest. Demand is driven by its affordability relative to neighbouring suburbs, appealing to both first-home buyers and investors seeking high rental yields. The market is exceptionally tight, with houses selling rapidly and vacancy rates critically low, reflecting intense competition for limited stock. This robust activity has fuelled significant recent price appreciation across both houses and units. Future growth is underpinned by this persistent supply-demand imbalance, though its rapid price escalation introduces sensitivity to broader economic shifts.
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PropCred Estimated Value

Bedrooms

4

Bathroom

1

Parking

2

Land

514mยฒ

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