2/288 Salvado Road, Floreat WA 6014

2/288 Salvado Road, Floreat WA 6014
Strata villa on Salvado Road | Floreat school catchments | Mixed-age street, leafy setting | Family and downsizer demand | Value tied to land and presentation This property sits in a well-regarded Floreat pocket where the street itself offers a genuine mix of older character homes and more modern villa stock. For a buyer wanting the suburb’s schooling and lifestyle without the maintenance of a large detached house, this type of unit is a practical entry point. The location carries strong family appeal, with Floreat Park Primary and Shenton College both in catchment, and the Birkdale cafe strip close by. It suits downsizers trading out of a family home, or professional couples wanting a low-maintenance base in a premium suburb. The leafy, established neighbourhood adds a layer of quiet desirability that tends to hold value well. The main factors that might shape its price are the exact land size, the internal condition, and how the strata arrangement compares to similar units on the street. A well-presented interior with good natural light and a functional layout could push it toward the upper end of its range, while dated finishes or a smaller outdoor area might limit upside. The mixed nature of Salvado Road means buyer expectations vary, so presentation and street appeal will matter more here than in a uniform development. Buyers should weigh the balance between location strength and the property’s physical offering when forming a view. || Comparable Sales: 287A Salvado Road villa sold $2.1M; 236B Salvado Road sold $1.55M | Property Price Band: $1.4M–$1.5M | Value Drivers: condition, land size, layout
Detailed Independent Property Report prepared  by PropCred Analyst team for 2/288 Salvado Road, Floreat WA 6014
Checks found:
Value Risk
Liquidity Risk
Planning Risk ! 1
Income Risk ! 1
Execution Risk
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Market Insight

Floreat, 7km from Perth CBD, is a family-oriented suburb dominated by professionals and high-income couples with children. Demand centres on the Churchlands and City Beach school catchments, Floreat Forum, and quick CBD access, though rail is absent. Median house prices range from $2.05m to $2.36m, with annual growth of 5.6–8.2% across recent measures. Houses clear in around 14 days on REIWA’s count, but annual sales volume is thin—57 to 110. Gross yields are low: 2.7% for houses and 3.7% for units. Future support rests on suburban amenity and schooling, while constraints include entry prices above $2m, limited turnover, a 10.5% annual fall in unit prices, and no train service. Four-bedroom rents sit at $1,275 weekly.
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PropCred Estimated Value

Comparable Sales: 287A Salvado Road villa sold $2.1M; 236B Salvado Road sold $1.55M | Property Price Band: $1.4M–$1.5M | Value Drivers: condition, land size, layout

Bedrooms

3

Bathroom

2

Parking

2

Land

558m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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