38 Munji Street, South Yunderup WA 6208
38 Munji Street, South Yunderup WA 6208
4 bed family house | new estate pocket | compact 400m² lot | flood overlay noted | modern build
This property sits in a newer residential pocket of South Yunderup, where the street pattern and neighbouring builds point to contemporary family housing on compact lots. The four-bedroom, two-bathroom configuration with double parking is the standard family layout that dominates this precinct, and that alignment with local demand is a genuine strength. It serves buyers looking for a low-maintenance, modern detached house in an estate setting, particularly families who want school catchment proximity and a straightforward purchase without the complications of older stock. The build quality and finish level are not verified, but the surrounding product suggests a consistent, contemporary standard that should feel current for at least a decade.
The flood overlay detected on nearby properties is the factor most likely to shape buyer perception and price. It may not translate to actual flood risk in every season, but it can affect insurance costs and lender appetite, which some buyers will weigh heavily. The compact lot size also limits future extension potential, so the value sits primarily in the house itself rather than the land. Presentation and internal condition will matter most here, as the property competes directly with similar new builds in the same street. A well-kept interior and tidy outdoor space could justify a slight premium, while any deferred maintenance would narrow the buyer pool noticeably.
|| Comparable Sales: 17 Munji Street sold $770,000, 59 Moyup Way sold $880,000 | Property Price Band: $700K–$800K | Value Drivers: condition, layout, flood overlay perception
Detailed Independent Property Report prepared by PropCred Analyst team for 38 Munji Street, South Yunderup WA 6208
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
1
URL has been copied successfully!
Market Insight
South Yunderup is a tightly held canal-side suburb where waterfront lifestyle demand from permanent residents and holiday-home buyers meets constrained supply. House prices have climbed sharply, with annual growth variously reported between 13.3% and 27.3%, and medians now around $710,745–$800,000. Listings are extremely thin: only 13 properties for sale, stock levels down 27.8% year-on-year, and houses sell in as little as 10 days. Rental demand remains firm—weekly rents at $550–$595, vacancy 0.69%, leasing in 20 days—supporting house yields of 4.4–4.6%. Future growth hinges on continued low stock and boating appeal, but limited turnover and only two land listings pose supply constraints that could cap activity. No school catchment data is available.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 17 Munji Street sold $770,000, 59 Moyup Way sold $880,000 | Property Price Band: $700K–$800K | Value Drivers: condition, layout, flood overlay perception
Bedrooms
4
Bathroom
2
Parking
2
Land
480m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!