1/27 Gorham Way, Spearwood WA 6163
1/27 Gorham Way, Spearwood WA 6163
3 bed 1 bath retirement unit | Villa Dalmacia complex | Over-55s community | 1.64 ha shared grounds | Sold late 2020
This property occupies a defensible niche in Spearwood’s seniors market. The 3-bedroom configuration within an over-55s complex is relatively uncommon, giving it a structural advantage over standard 2-bedroom retirement units when competing for buyers who want a spare room for guests or a home office. The 1.64 ha shared site implies low individual land cost but access to maintained communal grounds, which suits buyers prioritising lifestyle over land banking. The Villa Dalmacia association structure suggests predictable quarterly fees and managed common property, reducing ownership complexity for an older buyer.
The primary risk is resale liquidity. Over-55s properties trade in a narrower buyer pool than general housing, and any future age-restriction changes or association rule updates could affect marketability. The single bathroom is a constraint for multi-generational visits or live-in care. The 2020 sale date provides no recent price signal, so current valuation requires direct comparable analysis within the complex. Opportunity lies in the 1.64 ha site’s latent redevelopment potential if the association ever considers subdivision, but this is speculative and likely long-dated.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/27 Gorham Way, Spearwood WA 6163
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Spearwood is a high-growth suburb experiencing exceptional capital appreciation, significantly outperforming neighbouring areas in both house and unit price growth. Demand is driven by a robust local workforce and strong rental returns, particularly for units, which are attracting investor interest. The market is characterised by rapid sales and rising rents, indicating sustained buyer competition. Future growth is underpinned by this momentum, though the pace of recent gains suggests a market approaching peak affordability for some segments.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
1.64 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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