364 Warton Road, Southern River WA 6110
364 Warton Road, Southern River WA 6110
Compact 3-bed on 214m² | 85% owner-occupier suburb | 12-day average sell time | Priced under suburb median | Last sold 2022
The configuration is the core strength: a three-bedroom, two-bathroom house with two parking spaces on a compact 214 square metre lot, giving buyers an easy-care home without giving up practical living space. The suburb itself is dominated by owner-occupiers, so turnover is steady and homes rarely linger, which creates a favourable selling environment for the next owner. This property suits first-home buyers, young families, and downsizers who want a low-upkeep house near schools, parks, and transport, rather than a large parcel of land to manage. Its price position is realistic for that audience, making it a solid entry point into a competitive part of Southern River.
The small lot limits scope for subdivision or major expansion, so the dwelling itself carries most of the value and buyers should weigh the condition of the interior heavily. Since the property last changed hands in 2022, any movement in local values since then might have narrowed or widened the current asking range. The presentation of the kitchen, bathrooms, and finishings could materially affect the final price, so buyers should go into viewing with a clear sense of what updating might cost if the house has not been refreshed recently.
Detailed Independent Property Report prepared by PropCred Analyst team for 364 Warton Road, Southern River WA 6110
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Southern River, in Greater Perth, is a family-oriented suburb where 65% of households are couples with children and 62% of residents are purchasers. Demand is led by professionals, technicians and trades workers, and clerical staff. The median house price is $971,000, up 13.6% over the past year, with houses selling in 20 to 50 days—a fast turnover indicating consistent market activity. Gross rental yields sit at 4.1% to 4.7%, and weekly median house rent is $750. Annual sales volume ranges from 122 to 238 houses, showing solid liquidity. Future growth rests on an active local market evidenced by 10 properties for sale and 22 for rent in the last month. Key risks include a high 75% mortgage-holding rate, creating rate sensitivity, and a wide price distribution from $100,000 to $2.5 million, which adds uncertainty.
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PropCred Estimated Value
Comparable Sales: a similar 3/2/2 compact house recently sold at $785k; another at $762k | Property Price Band: $750k–$850k | Value Drivers: condition, presentation, street appeal
Bedrooms
3
Bathroom
2
Parking
2
Land
214m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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