29 Wolsely Road, East Fremantle WA 6158

29 Wolsely Road, East Fremantle WA 6158
971 m² block | 3-bed, 1-bath original house | Richmond Primary catchment | tight rental market | heritage-sensitive street This is a land-rich proposition in a tightly held suburb, where the 971 m² block is the standout feature. The house itself is modest—three bedrooms and a single bathroom—so the value sits firmly in the dirt and the position. East Fremantle’s owner-occupier dominance and low vacancy suggest strong, consistent demand for this kind of property, particularly from families wanting the school catchment and the space to renovate or extend. It suits a buyer looking for a long-term project in a prestige location, not someone wanting a move-in-ready home. The recent sale price of $2,206,000 reflects what the market already paid for this configuration, but the street’s heritage inventory may shape what can actually be done with the property. Redevelopment potential could be constrained, and the modest internal finishes might require meaningful capital to lift the house to a standard matching the land value. Rental yield is likely modest given the price point, so the buyer should weigh holding costs against the land’s long-term appreciation potential. || Comparable Sales: 21 Petra Street sold around $2.31M; 29 Woodhouse Road sold near $2.2M | Property Price Band: $2.2M–$2.3M | Value Drivers: land size, heritage constraints, renovation potential
Detailed Independent Property Report prepared  by PropCred Analyst team for 29 Wolsely Road, East Fremantle WA 6158
Checks found:
Value Risk
Liquidity Risk 2
Planning Risk
Income Risk 2
Execution Risk 2
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Market Insight

East Fremantle’s median house price of $2,037,500 has risen 12.86% annually, with a compound growth rate of 9.7% and houses typically selling within 10–14 days across 83–86 transactions. The unit market sits at a median of $612,500–$697,500, with annual growth reported at 29% in one series and 9.4% in another. Demand is driven by buyers pursuing character homes and lifestyle proximity to beaches, cafes, Fremantle, and Perth, supported by low stock and heightened competition. Units deliver a gross rental yield of 4.6%, while three-bedroom houses rent for $775 weekly and four-bedroom houses for $1,202. Future growth will depend on sustained demand for these housing attributes, though global tariff uncertainty and potential slowdowns in major trading economies remain risks.
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PropCred Estimated Value

Comparable Sales: 21 Petra Street sold around $2.31M; 29 Woodhouse Road sold near $2.2M | Property Price Band: $2.2M–$2.3M | Value Drivers: land size, heritage constraints, renovation potential

Bedrooms

3

Bathroom

2

Parking

4

Land

971m²

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