15/37 Piccadilly Circle, Joondalup WA 6027

15/37 Piccadilly Circle, Joondalup WA 6027
3 bed 2 bath 1 car | 112 m² total, 89 m² internal | Mid-to-upper medium-density | Walkable city-core pocket | Shared-wall trade-off This unit sits at the better-sized end of Joondalup’s apartment market, offering three genuine bedrooms and two bathrooms in a compact but functional 112 m² footprint. Its configuration suits owner-occupiers stepping up from smaller flats or downsizers wanting room to host without maintaining a house. Being part of a newer medium-density pocket near the city centre gives it a practical edge over fringe units, with everyday services, transport, and employment within easy reach. The 89 m² internal area is generous for this product type, and the three-bedroom layout broadens its appeal to couples, small families, or professionals seeking a low-maintenance base. Buyers prioritising space and location over land will find this a competitive option in the local market. The value of this unit may hinge on level, aspect, and internal condition, none of which are confirmed from available evidence. A higher floor with natural light or a quiet orientation might support a stronger price, while ground-floor placement or dated finishes could temper it. Strata fees and shared-wall noise are typical considerations for this building form and may influence long-term appeal. The 112 m² total area is solid, but the single car space could be a limitation for households with two vehicles. Buyers should weigh these factors against the convenience of a city-fringe address and the scarcity of larger apartments in this pocket.
Detailed Independent Property Report prepared  by PropCred Analyst team for 15/37 Piccadilly Circle, Joondalup WA 6027
Checks found:
Value Risk ! 1
Liquidity Risk ! 1
Planning Risk
Income Risk ! 1
Execution Risk ! 1
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Market Insight

Joondalup holds a strong position as Perth’s northern commercial and education hub, supported by expanding transport links and infrastructure. Demand is led by young professionals and students seeking apartments, families buying townhouses and single-family homes, and investors drawn to the employment base in health and education. House prices reached a median of $928,500 with 8.3% annual growth, while units rose a sharp 17.5% to $587,500. Selling is brisk, with houses spending just 9–11 days on market and annual sales volume at 134. Rental conditions are tight: houses yield 4.48% on $700 weekly rent, and units yield 5.35% at $620. Future growth is anchored by ongoing infrastructure upgrades and amenity expansion, though volatility, over-development potential, and seasonal price swings remain constraints.
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PropCred Estimated Value

Comparable Sales: 10/37 Piccadilly Circle sold around $750k; 3/1 Piccadilly Circle sold at $850k | Property Price Band: $700k–$800k | Value Drivers: floor level and aspect, internal condition, layout efficiency

Bedrooms

3

Bathroom

2

Parking

1

Land

112m²

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