79 Park Road, Byford WA 6122

79 Park Road, Byford WA 6122
Large block in hill setting | 3-bed older home | pool and solar | bushfire overlay | family-focused location This property’s primary strength is its expansive 2024m² lot in the Byford Hills, a configuration increasingly rare against newer, denser subdivisions. The established setting, pool, and solar panels cater specifically to families or lifestyle buyers seeking space and privacy over modern finishes. Its proximity to schools anchors its utility for that buyer profile, though the 1993-built home requires assessment for contemporary standards. The bushfire overlay imposes definite risk, carrying potential insurance premiums and construction cost burdens. The older build may also demand capital for updates. Its value hinges on the land premium; the current asking price reflects that scarcity. Acquire this for long-term holding as a lifestyle purchase, not for yield, and budget for resilience upgrades against the overlay. It is a niche holding for a buyer whose priorities align with its spatial advantages over modern convenience. Recent comparable sales data for the immediate area is not provided in the brief, limiting precise benchmark analysis. The listing references a nearby property at 77 Park Road, currently for sale with offers from $849,000, configured as a 3-bedroom, 2-bathroom home. This suggests the subject property’s premium ask is primarily driven by its significantly larger land parcel, not its dwelling specification or age.

Market Insight:

Byford is a high-growth family suburb on Perth’s south-eastern fringe, characterised by strong owner-occupier demand from young families and trades-based households. This demographic is driving rapid price appreciation, supported by significant population growth and a tight sales market with very low days on market. Future expansion is underpinned by ongoing population influx and established local amenities, though high mortgage penetration indicates sensitivity to interest rate changes, and affordability pressures are emerging relative to local incomes.

PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

12

Land

2023m²

Built

Recent Assessments