47 Kalbarri Way, Dawesville WA 6211
47 Kalbarri Way, Dawesville WA 6211
2025 build | four-bedroom two-bath | theatre room | tenanted to 2027 | coastal-family pocket
The property is a genuinely near-new build with a practical four-bedroom layout, a dedicated theatre room, and low-maintenance outdoor space. The present tenancy provides immediate rental income, which makes it particularly well suited to investors, while the modern finishes and recessed ceilings will also appeal to a family purchaser who is prepared to wait for vacant possession. Located within a newer residential pocket of Dawesville, the house sits comfortably within the suburb’s suburban-family housing segment rather than the larger coastal or acreage stock. Its compact 450m² allotment is typical of recent estate infill, and the brick-and-Colorbond construction with reverse-cycle air-conditioning gives good durability and comfort. For an investor, the existing lease removes leasing risk; for an owner-occupier, the property represents a move-in-ready home once the tenancy concludes.
The tenancy until July 2027 may limit appeal for buyers wanting immediate occupation, and the relatively compact land size might constrain future extension potential compared with older lots in the suburb. The absence of a verified view or premium orientation means the value will rest primarily on the quality of the build, the condition, and the dependable rental profile. Rental demand in the area appears active, so the current income may hold or increase, but buyers should weigh the fixed lease term against their own investment timeline. The modern two-oven kitchen and generous main bedroom are strong drawcards, yet the overall price is likely to be driven more by the land area and the security of the tenancy.
>> Comparable Sales: 51 Kalbarri Way (4×2, 627m²) – $935,000 | Property Price Band: $800K-$900K | Value Drivers: near-new condition, 450m² low-maintenance land, existing tenant until 2027
Detailed Independent Property Report prepared by PropCred Analyst team for 47 Kalbarri Way, Dawesville WA 6211
Checks found:
Value Risk
✓
Liquidity Risk
✕
2
Planning Risk
✓
Income Risk
!
1
Execution Risk
✕
2
Market Insight
Dawesville has shifted from a quiet fringe suburb to a coastal prestige market, with one-third of houses now transacting above $800,000. Investor and renter demand is driving activity, with leases up 68% to May 2025. Median house prices range from $740,000 to $820,000 depending on source, showing 12.6% to 17.6% annual growth. Units saw only 10 sales, with growth readings conflicting at -5.9% and 17.5%. Houses sell in 16-25 days; homes lease faster at 19 days, down from 32. Rental yields are 4.0-4.2% for houses and 5.0% for units, with weekly rents of $600-$620 and $730. Annual sales volume is 260-326, down 20% year to May 2025, reflecting tight supply and cautious buyers. Affordability is the key constraint, with prices up from $437,000 in 2015 to $740,000 by May 2025. Land prices jumped 30% to $278,000, and lots under 500m² take longer to sell as buyers weigh building costs.
PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
450m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst