105B/19 Herdsman Parade, Wembley WA 6014

105B/19 Herdsman Parade, Wembley WA 6014
First-floor 2-bed unit | Secure car bay | Enclosed balcony | 56sqm 1976 build | Inner-west Wembley This unit combines a first-floor position, an exclusive-use enclosed balcony, and a secure car bay within a well-maintained 1976 complex. The 56 square metre layout is compact but functional, with open-plan living and dining. Situated in established inner-west Wembley, it benefits from proximity to lake parklands and transport. The property is most suited to downsizers, young professionals, and investors seeking a low-maintenance entry into the area. The well-kept condition and efficient use of space give it a competitive edge over older apartments that require immediate updates. The 1976 build and compact 56 square metres may be seen as capping price growth relative to modern stock. The balcony, though exclusive, is not core living space, which might temper enthusiasm. Strata fees and shared walls could be value constraints. However, the well-maintained finish and secure parking may support a price reflecting condition rather than age. The affordability-saleability balance may be worth examining. >> Comparable Sales: 108B/19 Herdsman Parade sold for $760,000 | Property Price Band: $500,000 to $600,000 | Value Drivers: condition, exclusive-use balcony, secure parking
Detailed Independent Property Report prepared  by PropCred Analyst team for 105B/19 Herdsman Parade, Wembley WA 6014
Checks found:
Value Risk ! 1
Liquidity Risk ✕ 2
Planning Risk ! 1
Income Risk ✕ 2
Execution Risk ✓
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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

Bedrooms

2

Bathroom

1

Parking

1

Land

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