1 Briggs Place, Armadale WA 6112
1 Briggs Place, Armadale WA 6112
Corner block with shed | 791sqm in Armadale | 3 bed, 1 bath original 1985 | high-roof workshop adds rare utility
The buying case rests on the corner block and the shed. At 791sqm with a 7.5m x 7.5m high-roof workshop, this property offers something most houses in this price bracket do not: genuine space for a trade, hobby, or small business operation. The 286sqm building footprint is generous for a single-storey 1985 home, and the extra enclosed living area gives flexibility for a growing family or home office. The absence of bushfire, flood, or heritage overlays removes costly compliance risk. This property best suits a buyer who values land utility over cosmetic finish โ a tradie, a car enthusiast, or someone wanting room to add value without fighting overlays.
The main risk is the single bathroom. In a 3-bedroom house, this limits appeal to families and future resale, and any renovation to add a second bathroom will be expensive given the 1985 layout. The 2017 purchase price of $400,000 shows limited capital growth over eight years, suggesting the street or immediate area has not outperformed. The rental estimate of $620 per week is modest for the land size, meaning a buy-and-hold strategy relies on land appreciation, not yield. The opportunity is to use the shed and corner positioning to create a dual-purpose property โ live and work on site โ which could justify a premium over standard residential comparables. Hold for land value growth or improve the bathroom to unlock family buyer demand.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Armadale presents as a high-growth, high-demand suburb within Greater Perth, with a market characterised by exceptionally rapid turnover and strong investor appeal. Demand is driven by a working demographic and investors attracted to robust rental yields and significant capital appreciation. Recent price trends show vigorous double-digit growth across both houses and units, supported by a fiercely competitive sales environment with properties transacting swiftly. Future momentum appears linked to this sustained investor demand and relative affordability, though the market’s sensitivity to interest rates and the potential for supply to meet this intense activity present key considerations.