2 Dolphin Way, Yangebup WA 6164
2 Dolphin Way, Yangebup WA 6164
Large 2004 custom family house | 325m² build on elevated 609m² corner block | Pool, theatre, alfresco kitchen | Premium finish above typical suburb stock | R20 zoning, no overlay risk
This is a genuinely rare find for Yangebup. The house delivers a level of specification that most suburban builds simply don’t offer — a dedicated home theatre, a master suite with spa ensuite and walk-in robe, Caesarstone benchtops, timber floors throughout, and ducted reverse-cycle air conditioning. The outdoor setup is equally considered, with bi-fold doors opening to an alfresco kitchen, a Bali-style gazebo, and a pool with a water feature. On a corner block with high ceilings and a 325m² footprint, it feels more like a boutique resort than a standard family home. That combination of space, finish, and entertaining capacity serves established families and move-up buyers who want something distinctive without leaving the suburb. It sits clearly above the conventional housing stock around it, both in size and in the quality of its presentation.
The elevated corner position adds practical value through openness and separation from neighbours, though it also means more street exposure than a tucked-away lot. The 53% building coverage is high, which may limit future extension potential, but the property already delivers substantial living space. The suburb-level vacancy rate of 7% might soften rental demand for a house of this scale, so its resale strength will likely come from owner-occupiers rather than investors. The absence of flood, bushfire, or heritage overlays removes planning risk, and the R20 zoning keeps the surrounding character stable. Buyers should weigh the premium finish against the reality that the suburb’s broader market is more modestly priced — this property may take longer to find the right buyer, but for that buyer it offers a complete package.
|| Comparable Sales: No direct settled sales available for this property; nearby stock is predominantly smaller homes or townhouses | Property Price Band: $1.5M–$1.6M | Value Drivers: 325m² build size, custom outdoor entertaining setup, elevated corner block with no overlay constraints
Detailed Independent Property Report prepared by PropCred Analyst team for 2 Dolphin Way, Yangebup WA 6164
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Yangebup, in the City of Cockburn and linked by Yangebup Road to the Kwinana Freeway, is drawing buyers aged 30–39, many in trades and couples with children, with 52% purchasing. House prices range $800,000–$843,000, having risen 7.7–24.7% annually, while units sit at $662,500 with 19.4% growth. Conditions are tight: vacancy is 0.22%, houses sell in 12–58 days and turnover is 100–122 sales a year. Rents are firm—$650–$700 weekly for houses, $580 for units—producing gross yields of 4.3–4.5% for houses and 5.1% for units. Demand is underpinned by scarce rental stock and strong capital growth, but a median house price near $840,000 against local earnings constrains affordability. Limited supply and the ultra-low vacancy rate remain structural risks.
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PropCred Estimated Value
Comparable Sales: No direct settled sales available for this property; nearby stock is predominantly smaller homes or townhouses | Property Price Band: $1.5M–$1.6M | Value Drivers: 325m² build size, custom outdoor entertaining setup, elevated corner block with no overlay constraints
Bedrooms
3
Bathroom
2
Parking
2
Land
609m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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