24 Alexander Street, Wembley WA 6014

24 Alexander Street, Wembley WA 6014
3-bed house on 401m² lot | Wembley location | No price or sales history | Limited comparable data This house presents a standard offering in a established suburb, suited for a buyer seeking a lower-maintenance entry into the area. The 401-square-metre lot provides manageable outdoor space, and the three-bedroom configuration meets core family needs. Its primary appeal is its simplicity and land component in a known location, serving first-home buyers or downsizers seeking a straightforward house without complex features. The decision hinges on due diligence, as the absence of recent sales data or clear benchmarks obscures true value. You risk overpaying without investigating unlisted property features, building condition, and immediate neighbourhood sales. Proceed only with a stringent comparative market analysis from your buyer’s agent to establish a defensible price; otherwise, walk away. This property is a hold for the long-term, relying on land value appreciation.

Market Insight:

Wembley is an established, well-located suburb experiencing strong demand driven by its proximity to key transport corridors and a mix of established and newer housing. The market is characterised by exceptionally tight conditions, with houses selling rapidly and a critically low rental vacancy rate indicating significant supply pressure. While this fuels robust price growth, particularly for units, the high entry point for houses presents a key affordability constraint for future buyers.

PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

1

Land

401m²

Built

Recent Assessments