58 Fernhurst Cres, Balga WA 6061

58 Fernhurst Cres, Balga WA 6061
3 bed, 1 bath, 2 car | 728 m² land | older detached house | land-rich with redevelopment scope | established street near schools and reserves This is a classic land-rich proposition in an established Balga pocket. The 728 m² lot is the standout feature, placing it well above the newer villa product in the suburb that typically sits on 258 m². For a buyer wanting space, renovation potential, or future subdivision optionality, this house offers a rare combination of size and location. The single-level 1960s-era build is straightforward and honest, likely with timber floors and room to modernise, which suits first-home buyers seeking a project, families wanting a big backyard, or investors looking for land-backed rental demand near TAFE, schools, and public transport. It serves best those who value land over modern finishes. The older structure may require immediate attention to roofing, wiring, or plumbing, which could affect your budget beyond the purchase price. The exact internal condition and aspect are not fully clear, so a physical inspection is essential. The R20/40 zoning context in the street suggests possible triplex potential, but this is subject to council approval and should not be assumed. Market interest appears strong given the under-offer status, and comparable older houses on similar-sized lots in the immediate area have transacted recently, indicating steady demand for this product type. Weigh renovation costs against the land value when forming your price view. || Comparable Sales: 44 Fernhurst Cres sold as 4×1 on 809 m²; 73 Fernhurst Cres sold as 3×1 on 728 m² | Property Price Band: $600K–$700K | Value Drivers: land size, redevelopment zoning potential, condition and presentation
Detailed Independent Property Report prepared  by PropCred Analyst team for 58 Fernhurst Cres, Balga WA 6061
Checks found:
Value Risk 2
Liquidity Risk
Planning Risk 2
Income Risk 2
Execution Risk
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Market Insight

Balga’s market is tight and fast-moving. The median house price is $675,000–$680,000, up 13–14.5% annually, with houses selling in a median 13 days. Demand is led by a prime working-age cohort, supported by solid population growth and upper-middle household incomes. Gross yields of 5.17% for houses and 5.69% for units, plus weekly rents of $675–$680, draw investor interest. Around 304–319 house sales a year provide liquidity. Future growth relies on continued working-age migration; affordability and interest-rate sensitivity are the key risks.
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PropCred Estimated Value

Comparable Sales: 44 Fernhurst Cres sold as 4×1 on 809 m²; 73 Fernhurst Cres sold as 3×1 on 728 m² | Property Price Band: $600K–$700K | Value Drivers: land size, redevelopment zoning potential, condition and presentation

Bedrooms

3

Bathroom

1

Parking

2

Land

628m²

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