12 Silvereye Way, Erskine WA 6210
12 Silvereye Way, Erskine WA 6210
3×2 compact modern house | 2016 build in good condition | strong price growth from 2022 | compact lot with low upkeep | suited to families or downsizers
This property is a well-presented modern house in a newer part of Erskine, built in 2016 and offering a practical three-bedroom two-bathroom layout with double parking. The 142 square metre internal area is generous for a compact lot, and the 320 square metre block means lower maintenance than older housing stock. Its configuration is competitive for small families or downsizers who want a contemporary home without the upkeep of a larger garden. The 2022 sale price of $529,000 and current listing at $819,000 suggest strong capital growth in the area, which may reflect rising demand for newer detached housing in coastal suburban settings.
The main factor to weigh is the compact lot size, which limits future subdivision potential and may feel constrained compared to older homes on larger blocks. The 2016 build age means some systems may need attention soon, though it is still relatively new. The price uplift since 2022 is significant, so buyers should consider whether the current asking reflects genuine market value or optimism. Location within Erskine offers suburban amenity but proximity to shops, schools, and transport should be verified. The lack of rental data means yield expectations are uncertain, though modern three-bedroom houses typically attract steady tenant demand.
Detailed Independent Property Report prepared by PropCred Analyst team for 12 Silvereye Way, Erskine WA 6210
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
This suburb presents a mature, low-supply market with strong house price momentum driven by established, predominantly older owner-occupiers. Demand is anchored by downsizers and childless couples, creating a stable core that supports rapid sales and significant annual growth. Future appreciation is underpinned by constrained listings and high-end sales activity, though the market faces headwinds from a sharply declining unit sector and a notable slowdown in rental and land sales activity.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
320m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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