17 Elmhurst Way, Greenwood WA 6024

17 Elmhurst Way, Greenwood WA 6024
Modern 4-bedroom, 2-bathroom home built in 2007 on a 702m² lot with pool, solar, and a 2-car garage in Joondalup/Greenwood area. Modern 4 bedroom 2 bathroom house built in 2007, featuring 302m² building coverage on a generous 702m² lot, complete with 2 car garage, solar panels, and inground swimming pool. Secure gated entry enhances family safety, while 5G mobile and NBN hybrid fibre coaxial ensure strong connectivity. No bushfire, flood, or heritage overlays apply, supporting straightforward residential use within Joondalup local government area. Appeals to growing families seeking established comfort over new builds, with spacious layout suiting 4-6 occupants and outdoor pool for year-round recreation. Positioned in a quiet cul-de-sac street, it targets buyers prioritizing school proximity—within Greenwood Primary (0.7km walkable for K-6) and Warwick Senior High (1.5km for 7-12), both government co-ed options. Nearby Gladys Newton School (4.8km) adds specialized K-12 choice. Demand stays firm for similar family configurations amid steady buyer interest, evidenced by rapid under offer status post March listing and prior 2021 sale. Rents hold at high confidence $860-$1040pw range, signaling solid 3%+ gross yield potential for investors eyeing cash flow. Location leverages north Perth’s family-oriented vibe with elevation at 28m aiding natural drainage, though distance to CBD and beaches presents commute trade-offs for urban-focused buyers. Demographics skew toward mid-sized households valuing green spaces and low-risk zoning. Growth hinges on Joondalup’s infrastructure momentum and school-driven appeal, with opportunities in value-add solar optimization or minor updates for resale uplift. Risks limited to general market softening, but clean overlays and quick turnover point to resilient positioning.
Detailed Independent Property Report prepared  by PropCred Analyst team for 17 Elmhurst Way, Greenwood WA 6024
Checks found:
Value Risk ! 1
Liquidity Risk
Planning Risk
Income Risk
Execution Risk 2
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Insight: Greenwood WA 6024

Greenwood is a well-established family suburb favoured for its strong transport links and quality school catchments. Demand is driven by owner-occupying professionals seeking family homes, creating a highly competitive market with rapid sales. Recent price growth has been robust, supported by this strong local demand and limited sales inventory. Future prospects are underpinned by planned infrastructure, though affordability constraints and sensitivity to interest rates present key risks to continued momentum.
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PropCred Estimated Value

Bedrooms

Bathroom

Parking

Land

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