82 Kelvin Street, Maylands WA 6051

82 Kelvin Street, Maylands WA 6051
Large 703m² R30 block | 4-bed circa-1950 extended | 177m² floor area | Public-school catchments | Renovation potential A competitive strength is found in this property’s unusually large R30-zoned block, which is rarely seen on Kelvin Street. The circa-1950 house was later extended to 177m², providing four bedrooms within an established riverside pocket. Public-school catchments are offered through Maylands Peninsula Primary and John Forrest Secondary. The property is best suited to buyers who are drawn to land value, renovation potential, and redevelopment flexibility under R30 zoning. Its land-to-dwelling ratio is viewed as a rare advantage in a suburb dominated by townhouse and unit stock, making it a compelling choice for families seeking a long-term project. The condition of the original fabric and later extension may be expected to influence value significantly. Parking presentation might be considered less formal than typical, as only one car space is listed. The mixed-era character may require modernisation investment, which could affect price expectations. These factors might be weighed by buyers when assessing what the large block is truly worth, with the extent of any needed upgrades playing a central role in forming a price view. >> Comparable Sales: 3/74 Kelvin Street (4×2 double garage, sold ~$1.05M) and 7/89-91 Kelvin Street (3×2 townhouse, sold ~$0.99M) | Property Price Band: $1.2M–$1.3M | Value Drivers: land size, R30 zoning, renovation potential
Detailed Independent Property Report prepared  by PropCred Analyst team for 82 Kelvin Street, Maylands WA 6051
Checks found:
Value Risk ✓
Liquidity Risk ! 1
Planning Risk ✓
Income Risk ! 1
Execution Risk ! 1
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Market Insight

Maylands, an inner-Perth suburb, draws demand from young professionals aged 30-39; population rose 4.95% from 2016 and household incomes are high. House prices have climbed 23.8-31.4% annually to $1.09M-$1.27M, while units grew 18.3-22.3% to $550k-$600k. Market conditions are tight: houses sell in 10-13 days. Rents are firm at $750/week for houses and $595/week for units, with yields of 3.4-3.6% and 5.4-5.6% respectively. Transport connectivity underpins future demand, as does continued population growth. Constraints remain: affordability is stretched, with median monthly mortgage payments of $2,410 in Perth’s top 26%, and 30.1% of stock is rentals, leaving the suburb exposed if tenant demand weakens.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

2

Land

703m²

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