10 Leavis Place, Spearwood WA 6163
10 Leavis Place, Spearwood WA 6163
Detached family house | Established suburb, steady demand | R40 zoning potential | Higher-end finishes likely | Buyer profile: owner-occupiers
This property sits in a well-established part of Spearwood where the housing stock is dominated by detached family homes, many of which fall within the upper end of the local market. The R40 zoning is a genuine advantage here, as it offers future subdivision or density options that many neighbouring properties lack. Given the suburb’s mix of older dwellings and renovated family homes, a house at this address is likely to appeal most to buyers seeking a solid family base with room to grow or reconfigure over time. The area’s residential character, combined with the block’s zoning flexibility, positions it as a practical choice for those prioritising long-term utility over immediate polish.
The condition and presentation of the house itself will materially shape its market position, as will the exact land size and layout. If the interior has been modernised recently, it may command a premium in a suburb where many homes still carry older finishes. Conversely, if the property requires updating, the price may need to reflect that work. The R40 zoning could also influence buyer interest from developers or investors, though that depends on how the block sits within the street and whether subdivision is feasible without compromising the existing dwelling. Orientation and outdoor space may further affect perceived value, particularly for families who value private yards or natural light.
Detailed Independent Property Report prepared by PropCred Analyst team for 10 Leavis Place, Spearwood WA 6163
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Spearwood WA sits as a well-positioned middle-ring market, anchored by trades-heavy demographics and mid-to-high household earnings. House values have climbed to a $900,000–$942,000 median across recent quarters, with annual appreciation running 20–22%; units follow at $517,000–$581,500, growing 23–35% year-on-year. The market is tight—houses clear in roughly 26–28 days—and rental demand is firm, with house yields at 3.9% and units at 5.2% as unit rents rose 15.4%. Buyer appetite is driven by local trades and higher-income households, and Spearwood is selling 37.8% faster than Fremantle, though nearby Hamilton Hill has an even quicker 48.6% pace. Sustained tightness and robust sales volumes support further upside, but affordability is now stretched and rate sensitivity poses a clear constraint given the sharp recent price surge.
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PropCred Estimated Value
Comparable Sales: Ditullio Close sold at a similar price point for a smaller block; Leaside Way reflects higher-end stock | Property Price Band: $800k–$900k | Value Drivers: R40 zoning, land size, condition and layout
Bedrooms
4
Bathroom
2
Parking
2
Land
814m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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