10 Terrex Rise, Merriwa WA 6030
10 Terrex Rise, Merriwa WA 6030
Detached family house | 4-bed presence likely | Merriwa’s practical suburban core | steady rental interest | standard 1990s–2000s build
This house sits comfortably within Merriwa’s established family corridor, where the typical stock is detached, brick-and-tile, and built for low-maintenance living rather than show. The configuration—likely four bedrooms, two bathrooms, and a double garage—matches what local buyers in this pocket actually want: separation between living zones, a usable backyard, and enough internal space for a growing household without paying for excess. Its strongest edge is ordinariness done well; the suburb’s demand is driven by schools, shopping, and beach access, and this property taps directly into that. It suits first-home buyers seeking a foothold, investors chasing steady yield, or small families who value function over flair and want a house that won’t demand constant attention.
Value here may hinge on how the interior presents against comparable stock, since finishes and updates vary widely across similar 1990s–2000s builds. A renovated kitchen or modern bathroom might lift appeal noticeably, while dated fittings could cap interest. The land size, likely in the 500–540 m² range, offers reasonable backyard utility, but corner positioning or proximity to parks might add a small premium. Rental demand appears consistent, which may support investor confidence, though the property’s price band will ultimately reflect how it compares to recent sales in the immediate street context rather than suburb-wide trends.
|| Comparable Sales: 113 Seagrove Boulevard sold around $510k weekly rent equivalent; 10 Snowdonia Link with similar 4-bed layout | Property Price Band: $500,000–$600,000 | Value Drivers: internal condition, land size, presentation against nearby 2000s builds
Detailed Independent Property Report prepared by PropCred Analyst team for 10 Terrex Rise, Merriwa WA 6030
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Merriwa, 38km north of Perth CBD in Wanneroo, is a family-dominated corridor suburb where trades workers and mortgaged owners drive demand. Houses have recorded 15.5–26.1% annual growth, with median prices now $695k–$725k; stock typically sells within 9–10 days, reflecting tight supply. Rental vacancy sits at 0.63–0.64% with gross yields around 4.6–5%, while growth catalysts include northern corridor expansion, future rail extension, and nearby retail. Constraints include affordability stretch for households on typical incomes, high interest-rate sensitivity from heavy mortgage reliance, and thin unit stock that limits entry-level options.
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PropCred Estimated Value
Comparable Sales: 113 Seagrove Boulevard sold around $510k weekly rent equivalent; 10 Snowdonia Link with similar 4-bed layout | Property Price Band: $500,000–$600,000 | Value Drivers: internal condition, land size, presentation against nearby 2000s builds
Bedrooms
4
Bathroom
2
Parking
3
Land
610m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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