75 Herdsman Parade, Wembley WA 6014

75 Herdsman Parade, Wembley WA 6014
Rear first-floor unit | 1970s Fernleigh Village | leafy outlooks | 2 bed 1 bath | strong rental demand This unit is positioned quietly in the rear corner of a 33-lot strata complex, where privacy and greenery are offered more than in most apartments in this pocket. The circa-1970 building is typical of Wembley’s established low-rise stock, but the interior has been tastefully renovated, so vintage character is balanced with modern practicality. A first-floor layout, exclusive-use car bay and balcony are provided, making it a practical choice for first-home buyers, downsizers and investors looking for compact inner-northwest living. Strong owner-occupier appeal is added by school catchment to Wembley Primary and Bob Hawke College, while investor interest is supported by the rental profile. The leafy setting near wetlands and public transport is a real point of difference. Value is shaped mainly by the strata structure and building age. Quarterly levies, shared ownership, and limited land must be weighed by buyers. Dated common areas are possible from 1970s construction, though the renovated interior offsets this. A rental return around $600 per week supports yield analysis, and the quiet rear aspect holds appeal. Catchment shifts or levy increases are the main risks.
Detailed Independent Property Report prepared  by PropCred Analyst team for 75 Herdsman Parade, Wembley WA 6014
Checks found:
Value Risk ! 1
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk ! 1
Execution Risk âś• 2
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Market Insight

Wembley, a large western Perth suburb, maintains its position as an established market with gradual infill housing since the mid-1990s. Demand is driven by an elevated rental population and solid turnover—105 houses and 194 units sold in the past year. Median house prices sit around $1.82 million (REIWA) with 19.1% annual growth, though an alternative series suggests $1.91 million and a slower 3.3% pace. Units are tighter: median $485,500 with 25.8% growth. Houses sell in 11 days on average; the vacancy rate is 0.81%, indicating constrained supply. Rental yields are modest for houses (2.77%) but stronger for units (6.08%). Future growth is supported by main-road links via Herdsman Parade and Cambridge Street and established school catchments. Key constraints are affordability—prices above $1.8 million—and a 17.65% year-on-year drop in house stock on market.
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PropCred Estimated Value

Comparable Sales: 4/99 Herdsman Parade, $510,000; 12B/55 Herdsman Parade, $310,000 | Property Price Band: $500,000 to $600,000 | Value Drivers: renovated interior, rear leafy aspect, first-floor layout

Bedrooms

2

Bathroom

1

Parking

2

Land

64m²

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