2/2 Mayfair Street, Nollamara WA 6061
2/2 Mayfair Street, Nollamara WA 6061
3 bed villa | street-front layout | no strata fees | 268m² parcel | 5G coverage
This property offers a genuinely uncommon combination in Nollamara: a street-front villa with no strata fees and no common property, which means it functions more like a small house than a typical grouped development. The 268m² land parcel is generous for this dwelling type, and the three-bedroom, one-bathroom, two-car configuration suits first-home buyers, downsizers, or investors seeking low-maintenance living without the constraints of shared walls or body corporate costs. Split-system air conditioning, a gas cooktop, built-in robes, and a semi-ensuite with a separate second toilet make it practical for everyday use. Its position near Nollamara Primary School and Dianella Secondary College strengthens appeal for small families, while the absence of flood, bushfire, or heritage overlays reduces hidden risk.
Value may be influenced by the villa’s presentation and any recent updates, since finishes were not itemised in available material. The 2006 build era of comparable stock in the immediate pocket suggests the property likely has solid construction but may require cosmetic refreshes depending on prior upkeep. The street-front positioning and no-strata structure could support a premium over typical villa product, but the single bathroom might limit appeal for larger households. Buyers should weigh the land size advantage against internal floor area, which may be more compact than expected.
|| Comparable Sales: 26 Mayfair Street sold $686.5k | Property Price Band: $800k–$900k | Value Drivers: land size, street-front layout, no strata fees
Detailed Independent Property Report prepared by PropCred Analyst team for 2/2 Mayfair Street, Nollamara WA 6061
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Nollamara’s market is defined by rapid turnover, double-digit price growth, and an affordability-oriented buyer base. Houses rose 14.06% annually to $730,000, with alternative estimates up to $740,000; units gained 10.97% to $657,500. Demand is led by owner-occupiers with mortgages (63%), supported by strong sales volumes (259 houses, 122 units in 12 months) and exceptionally short days on market—9 for houses, 8 for units. Household incomes run roughly 20% below Greater Perth’s average, reinforcing Nollamara’s position as a value-driven market. Gross yields are healthy at 5.02% for houses and 5.44% for units, sustaining investor interest. Growth is anchored by active local turnover and recent listings, including 2–3 bedroom homes; constraints include price-source variance (from $677,250 to $740,000), unit yield sensitivity (4.9% alternative), and no reliable supply or vacancy data to gauge future pressure.
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PropCred Estimated Value
Comparable Sales: 26 Mayfair Street sold $686.5k | Property Price Band: $800k–$900k | Value Drivers: land size, street-front layout, no strata fees
Bedrooms
3
Bathroom
1
Parking
2
Land
268m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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