24 Minoan Way, Alkimos WA 6038

24 Minoan Way, Alkimos WA 6038
Brand new 4-bed house | 484m² larger than typical lot | rare five-car parking | coastal Alkimos estate | strong family demand The property’s strongest market position comes from the combination of brand new condition, a 484 m² lot, and five car spaces. That package is rarely matched in current coastal estate stock, where smaller lots and two-car layouts are the established pattern. Being fully finished, the house is available for immediate occupation, which removes the usual build delays and cost uncertainty. It serves a family buyer best, particularly one with multiple vehicles, a caravan, or a boat. The surrounding market absorbs new stock quickly, so a completed house of this size and specification is expected to attract genuine owner-occupier interest, with reasonable rental appeal as a secondary case. Value may be most sensitive to exact lot position within the estate, internal finish quality, and how the street presents once neighbouring builds are completed. The five-car layout might appeal strongly to a niche buyer but could remain neutral for the broader market. Land size is the most durable factor, while the ongoing pipeline of new construction might keep resale competition active for a period. >> Comparable Sales: 27 Platinum Promenade, Alkimos sold $474k (Mar 2026) | Property Price Band: $900K to $1M | Value Drivers: brand new condition, 484m² land, five-car parking
Detailed Independent Property Report prepared  by PropCred Analyst team for 24 Minoan Way, Alkimos WA 6038
Checks found:
Value Risk ! 1
Liquidity Risk ✕ 2
Planning Risk ✕ 2
Income Risk ✓
Execution Risk ✕ 2
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Market Insight

Alkimos, 38km from Perth, is a developing coastal suburb drawing mortgage-financed owner-occupiers, with 89% of owners holding a mortgage and a strong trades-worker base. Demand is firm: houses sell in roughly 8–9 days and rents are rising. Median house price estimates range from $725,000 (REIWA, March 2026) to $840,000 for four-bedroom homes, with annual growth reported between 12.7% and 26.7% depending on source. The unit median is $622,500, up 30.9%, although sales evidence is thinner. Houses yield 4.85% with median weekly rent of $700; units yield 5.42% at $650 per week. Ongoing infrastructure projects support further growth, but heavy mortgage reliance makes the market sensitive to rate movements and affordability constraints.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

5

Land

484m²

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