12 Elvire Grove, Golden Bay WA 6174
12 Elvire Grove, Golden Bay WA 6174
4 bed townhouse on compact 180m² | 3 car bays rare for the format | School catchment within walking distance | Rental estimate near 4.1% gross yield
This townhouse carries a genuine configuration edge. Four bedrooms with three parking spaces on a 180m² lot is uncommon in Golden Bay, where most comparable stock tops out at two or three bedrooms with two bays. The 126m² internal layout, split-system air conditioning, secure courtyard, and smart entry features position it as a low-maintenance coastal option that suits families wanting school proximity without yard upkeep, or downsizers who still need guest space. The rental estimate of $660 per week against the asking level implies investor interest, though the primary appeal is owner-occupier convenience. Being inside the Golden Bay Primary and Comet Bay College intake areas, with both under a kilometre away, strengthens its position for family buyers.
The compact land component may temper price growth relative to detached houses in the suburb, and the absence of aspect or orientation data means natural light and breeze exposure remain unverified. The 6/10 energy rating is adequate but not standout, which might matter to efficiency-focused buyers. The advertised price sits noticeably above the estimated value range, so negotiation room may exist. The recent sale of a two-bedroom townhouse on the same street at $660,000 provides a lower anchor, while the broader local market shows detached houses on larger lots commanding similar or higher figures, so the premium for this property rests on its bedroom count and parking flexibility rather than land.
|| Comparable Sales: 14 Elvire Grove sold $660k for 2 bed townhouse | Property Price Band: $770k–$870k | Value Drivers: 4 bed layout, 3 car spaces, school catchment proximity
Detailed Independent Property Report prepared by PropCred Analyst team for 12 Elvire Grove, Golden Bay WA 6174
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Golden Bay, in Western Australia’s Rockingham Region, is being driven by trade-qualified households earning $78k–$130k, with 79% of owners holding mortgages. House prices have risen 16–25% annually across sources to a $725k median, with 163 houses sold in 12 months and a 12-day median selling time. Strong sales velocity and low listing duration support further momentum, though the 63% year-on-year change in stock on market and limited unit supply signal rate sensitivity and low housing diversity. Rents around $600–$645 weekly and gross yields of 4.4–5% add investor appeal, but the high mortgaged-owner share leaves the market exposed to tighter monetary conditions.
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PropCred Estimated Value
Comparable Sales: 14 Elvire Grove sold $660k for 2 bed townhouse | Property Price Band: $770k–$870k | Value Drivers: 4 bed layout, 3 car spaces, school catchment proximity
Bedrooms
4
Bathroom
2
Parking
3
Land
180m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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