31 Burns Street, North Fremantle WA 6159
31 Burns Street, North Fremantle WA 6159
Heritage-era cottage strip | 264 m² parcel | North Fremantle river precinct | Off-market opportunity | Mixed infill character
This property sits within one of North Fremantle’s more character-rich streets, where older cottages and duplexes hold their ground alongside newer townhouse infill. The 264 m² parcel is a workable size for this part of the suburb, larger than the compact townhouse lots appearing nearby yet still modest enough to suit a buyer wanting low-maintenance living. It is best suited to an owner-occupier drawn to the heritage atmosphere and river-adjacent lifestyle, someone who values the street’s established feel over modern uniformity. The off-market status suggests a quieter transaction, which can favour a buyer prepared to move decisively.
The street’s mixed lot pattern and heritage sensitivity may shape what can be done with the property, particularly if alterations or redevelopment are contemplated. Flood and heritage overlays have been flagged on neighbouring parcels, so a buyer should confirm the exact planning status for this specific house before committing. Condition and internal layout will likely carry significant weight here, given the older housing stock and the wide value spread between renovated character homes and those needing work. The rental profile for the street is strong, which may offer some reassurance if the property is ever leased rather than occupied.
|| Comparable Sales: 28 Burns Street sold for $1.683M; 23 Burns Street sold for $830K | Property Price Band: $1.8M–$1.9M | Value Drivers: land size, heritage character, condition and presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 31 Burns Street, North Fremantle WA 6159
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
North Fremantle, a mixed-use suburb settled in the 1850s within the City of Fremantle, commands Swan River and Indian Ocean views and a blend of heritage and modern architecture. Demand is driven by affluent professionals and older childless couples: 44.1% of the local workforce hold professional roles and 32.1% of households earn over $182k. House price signals are divided, with some sources showing annual declines of 1.2–7.1% and others growth near 6.4–6.5%, placing medians between $1.68M and $1.78M. Units have firmer momentum, up 7.1–18.5% annually to roughly $1.02–1.12M. Selling periods are short, with houses typically transacting in 12–21 days, indicating steady turnover. Rental yields remain modest for houses at 2.9–3.05%, while units deliver 4.03–4.5%. Long average tenure of 11.4 years for houses points to stable ownership. The key constraints are high entry prices and sensitivity to rate movements.
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PropCred Estimated Value
Comparable Sales: 28 Burns Street sold for $1.683M; 23 Burns Street sold for $830K | Property Price Band: $1.8M–$1.9M | Value Drivers: land size, heritage character, condition and presentation
Bedrooms
4
Bathroom
2
Parking
2
Land
264m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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