23 Hollingsworth Avenue, Koondoola WA 6064
23 Hollingsworth Avenue, Koondoola WA 6064
Older detached house on large block | Land-led value with redevelopment potential | Established family suburb near schools and parks | Modest fitout, strong upside for renovation or infill | Value-driven buyer profile
This property sits in a street where the value is carried more by the land than the house itself. The dwelling is typical of Koondoola’s older single-level stock—likely three to four bedrooms, basic finishes, and a layout that prioritises function over flair. What makes it competitive is the size of the lot and the zoning context, which points to either a comfortable renovation project or a longer-term hold with development optionality. For a first-home buyer wanting to enter a settled suburb without paying a premium for presentation, or an investor looking for yield through modest rent while banking on land appreciation, this house fits that brief well. The street itself is established, quiet, and family-oriented, which supports steady demand from owner-occupiers who value proximity to schools and open space over modern aesthetics.
The condition and internal presentation may be the main factors that shape what someone is willing to pay, since the house appears to be from an older era without confirmed upgrades. The kitchen, bathroom, and flooring could be dated, which might mean immediate spend for a buyer who wants move-in comfort. Conversely, if the roof, structure, and services are sound, the property may offer genuine value for someone prepared to improve it incrementally. The land size and zoning are likely to attract interest from small developers or renovators, which could push competition beyond typical home-buyer levels. Buyers should weigh the cost of any necessary updates against the benefit of securing a large block in a suburb where infill activity is becoming more common.
|| Comparable Sales: 34 Hurlston Way, Koondoola sold at $285,000; 31 Mirrabooka Avenue, Girrawheen sold at $260,000 | Property Price Band: $250,000–$350,000 | Value Drivers: land size, zoning potential, and condition of the existing dwelling
Detailed Independent Property Report prepared by PropCred Analyst team for 23 Hollingsworth Avenue, Koondoola WA 6064
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Koondoola offers a highly accessible lifestyle defined by modern family infrastructure, expanding retail hubs, and extensive parklands, making it a magnet for first-home buyers and growing families seeking space and value. This strong demographic demand has driven consistent, volume-led price growth over the past year, cementing its appeal for both owner-occupiers and long-term investors. While the suburb provides excellent community amenities, buyers should watch out for the ongoing pipeline of new land releases nearby, which can occasionally moderate rapid short-term capital gains.
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PropCred Estimated Value
Comparable Sales: 34 Hurlston Way, Koondoola sold at $285,000; 31 Mirrabooka Avenue, Girrawheen sold at $260,000 | Property Price Band: $250,000–$350,000 | Value Drivers: land size, zoning potential, and condition of the existing dwelling
Bedrooms
3
Bathroom
1
Parking
1
Land
741m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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