3A Shackleton Street, Bassendean WA 6054

3A Shackleton Street, Bassendean WA 6054
3-bedroom villa | 440 sqm land | single bathroom | sold mid-2023 | Bassendean This property presents a straightforward, lower-maintenance entry into the Bassendean market, suited to a first-home buyer or an investor seeking a stable, land-backed proposition. Its 440 sqm parcel is competitively sized for a villa, offering a tangible land component often absent in similar configurations, which underpins long-term value. The single-bathroom, three-bedroom format, however, specifically targets a budget-conscious segment, limiting its appeal to smaller families or tenants and capping its premium resale potential against modern two-bathroom homes. The primary risk is functional obsolescence against buyer expectations for multiple bathrooms, a deficit that directly impacts rental appeal and saleability to families, requiring a future renovation to mitigate. Its value is fundamentally in the land; holding it as a rental provides stable yield, but its appreciation will be anchored to land value growth in the area rather than premium dwelling performance. Consider this a strategic hold for land banking or a live-in opportunity with a clear, value-add bathroom upgrade path.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Bassendean is a tightly held inner-ring suburb experiencing robust demand from young professionals, reflected in rapid sales and strong price growth. This demographic is drawn to its proximity to Perth and established character, creating a competitive market with low vacancy and rising rents. Future growth is underpinned by sustained demand for family homes, though limited rental stock and a constrained sales pipeline present key constraints to supply.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

2

Land

440mΒ²

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