1 Eyre Close, Bull Creek WA 6149
1 Eyre Close, Bull Creek WA 6149
New build | 4-bed plus study | 84% site cover | in-ground pool | bushfire overlay
This property presents a compelling, high-amenity package for an owner-occupier seeking a modern, low-maintenance home in a stable suburb. Its 2020 construction with ducted climate control, a study, and a pool delivers a complete lifestyle product, competitively rare in this market segment. The high building coverage maximises living space on a 352mΒ² block, directly serving families prioritising internal area over extensive gardens, reinforced by its placement within the Bull Creek and Leeming public school catchments.
The primary decision point is the price premium commanded by its new condition and features, set against the identified bushfire overlay which imposes ongoing compliance costs and potential insurance complexities. The suburb’s mixed tenure profile, with over half of owners holding for under three years, suggests a transient market that may lack pricing stability during a downturn. Acquire this property as a long-term family residence to amortise its build quality, but avoid speculative short-term holds given the valuation already reflects its modern advantages.
Recent sales on Eyre Close show significant variance, underscoring the premium for this property’s condition:
– 21B (3 bed, 1 park, older): $659k after 22 years.
– 4 (4 bed, 1 park, older): $900k after 19 years.
– 10 (3 bed, 2 park): $786k after 6 years.
This disparity confirms that recent builds with superior car accommodation, like this 4-bedroom home with three garages, command a substantial price multiplier, justifying its elevated valuation bracket against older stock on the same street.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Bull Creek is a tightly held family suburb with excellent transport and school catchments, driving sustained demand from owner-occupiers. This demographic dominance underpins a highly competitive sales environment for houses, evidenced by rapid turnover and strong capital appreciation. Future growth is anchored in its established appeal and proximity to major employment nodes, though high entry prices and limited unit supply present clear constraints on accessibility and market fluidity.