1/121 Edward Street, Osborne Park WA 6017
1/121 Edward Street, Osborne Park WA 6017
Ground-floor 2×1 villa | 67m² footprint | Private courtyard | Quiet boutique complex | Investor demand
This unit is positioned as a low-maintenance, ground-floor villa within a small residential group on Edward Street. Its compact 67m² layout is complemented by a private courtyard and a single carport, which makes it particularly appealing to investors and downsizers seeking an inexpensive entry into Osborne Park’s inner-northern corridor. The older 1975 construction is offset by practical open-plan living and recent updates at the individual unit level. A quiet rear setting is emphasised in comparable listings for the same complex, and proximity to the freeway, cafes, and Glendalough Station adds convenience. This property is best suited to buyers prioritising affordability and rental yield over space or modern presentation.
Value may be influenced by the age and finish of the unit, as older villa complexes can vary in maintenance quality between individual lots. The lack of a second bathroom and the modest internal area might limit appeal to families, while the demand from renters could support a reasonable yield. Any differences in renovation level compared with neighbouring units in the same complex may also affect resale price.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/121 Edward Street, Osborne Park WA 6017
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Osborne Park, 8km from Perth, is a tightly held market led by young professionals aged 20-29; 58% of owners have mortgages and 41% are renters. Demand is driven by severe supply scarcity: 91 buyers per listing and advertised stock 45% below the five-year average. House prices show strong momentum, with a median of $918,000 (22.4% annual growth), though an alternative measure of $756,050 reflects a thin sales count of 26-40 transactions. Units are outperforming, with listing prices up 42.7% to $392,500 and gross yields of 5.96% versus 4.89% for houses. Vacancy sits at 0.58% and median house rents are $750 weekly. Future growth hinges on the supply deficit and rising unit demand; the key constraint is low transaction volumes tempering price growth.
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PropCred Estimated Value
Comparable Sales: A similar villa at 191C Edward Street sold for $520k (2017) | Property Price Band: $600K–$700K | Value Drivers: Condition, courtyard size, complex reputation
Bedrooms
2
Bathroom
1
Parking
1
Land
67m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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