31 Sharon Drive, Carine WA 6020
31 Sharon Drive, Carine WA 6020
2 bed 1 bath compact footprint | Off-market with quiet exposure | Mixed old-new street character | Family-school suburb pull | Wide value spread across Sharon Drive
This is a compact older-format house in a suburb where most marketed stock leans toward larger family dwellings or new house-and-land packages. That configuration gives it a genuine point of difference for buyers who want Carine’s school access and established amenity without paying for space they don’t need. It sits in a street that is visibly transitioning, with older duplexes beside newer builds, so the immediate streetscape is uneven but the direction of change is toward reinvestment. The property likely suits downsizers, first-home buyers with a slightly higher budget, or investors wanting a lower-maintenance entry into a solid northern-suburbs postcode. Its estimated value sits well above the small 2×1 sale further down the street, which suggests the land component is doing meaningful work here.
The main value considerations are the land size and what the rear or side space might allow, since the house itself is modest and may not compete on internal amenity. A buyer might find that renovation potential or future redevelopment options justify the price gap over smaller comparable sales. The lack of a garage could be a practical drawback for some households, though street parking in the area appears workable. Condition is the unknown that could move the outcome most, because an original interior will feel dated against the newer product nearby, while a refreshed one would hold its own. The mixed streetscape may also temper how quickly the property appeals to owner-occupiers seeking a uniform neighbourhood feel.
|| Comparable Sales: 15 Sharon Drive sold $650,151 for a 2×1; 1 Sharon Drive estimated $1.54M | Property Price Band: $1.0M–$1.1M | Value Drivers: land size, renovation scope, street position
Detailed Independent Property Report prepared by PropCred Analyst team for 31 Sharon Drive, Carine WA 6020
Checks found:
Value Risk
✕
2
Liquidity Risk
✕
2
Planning Risk
✕
2
Income Risk
!
1
Execution Risk
✕
2
Market Insight
Carine, an established coastal suburb in Perth’s northern corridor, attracts professional couples with children, aided by strong school catchments and high incomes. House prices rose 15.2% over the past year to a median near $1.55 million, though alternative data sources place the median around $1.36–$1.41 million, with annual growth of 7.3–7.5%. Houses average 76 days on market, with 69–88 annual sales. Demand is underpinned by proximity to beaches, parks, and the Mitchell Freeway, while limited turnover in a mature suburb constrains supply. Key risks include high entry prices and rate sensitivity: 48% of households hold mortgages, meaning elevated interest rates could cool buyer activity.
PropCred Estimated Value
Comparable Sales: 15 Sharon Drive sold $650,151 for a 2×1; 1 Sharon Drive estimated $1.54M | Property Price Band: $1.0M–$1.1M | Value Drivers: land size, renovation scope, street position
Bedrooms
3
Bathroom
3
Parking
2
Land
501m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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