1 Grapestone Road, Piara Waters WA 6112
1 Grapestone Road, Piara Waters WA 6112
5-bed corner family house | study nook and theatre | low-maintenance layout | strong family-school catchment | modern 2010s estate setting
What stands out here is the configuration. A five-bedroom house with a study nook and theatre is not the standard offering in this pocket, where most homes settle at four bedrooms with a single living zone. That extra bedroom and the separate theatre give you genuine flexibility — a home office, a guest room, or a dedicated kids’ play space without sacrificing the main living areas. The corner block adds practical value too: more side access, better natural light, and a sense of openness that typical mid-block lots don’t offer. This is a property built for a growing family that wants room to spread out, but without the upkeep of a large yard. It sits comfortably above the local norm in both size and amenity, which means it should hold appeal for buyers who’ve outgrown standard 4×2 layouts but still want the convenience of a modern, low-maintenance estate.
The main factors to weigh when forming a view on price are the exact land size and the quality of the finishes. The corner position can support a premium, but only if the block is genuinely usable — check how much of it is taken up by the house footprint and driveway. The age of the build matters too; if this is mid-2010s construction, it likely has solid bones but may not have the latest kitchen or bathroom trends, which could affect how it compares to newer stock. The absence of any overlay risk in the immediate area is a positive, and the strong digital infrastructure supports modern working-from-home needs. Rental demand appears healthy based on the family-oriented stock, so even if you’re buying to occupy, the exit strategy looks reasonable.
|| Comparable Sales: 15 Grapestone Road sold around $1.15M | 6 Grapestone Road sold near $770K | Property Price Band: $1.0M–$1.1M | Value Drivers: five-bed layout, corner block usability, presentation and finish quality
Detailed Independent Property Report prepared by PropCred Analyst team for 1 Grapestone Road, Piara Waters WA 6112
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Piara Waters, in Perth’s Treeby area, draws higher-income buyers with household earnings well above the Greater Perth average, underpinning strong demand. House medians hit $950,000 with 15.3% annual growth, while units reached $688,526, up 13.9%. Days on market for houses range 12–15, and annual sales volume spans 218–312, indicating tight, fast-moving conditions. Rents average $770–$780 weekly for houses, with gross yields 4.56% (houses) and 5.16% (units). Supply is constrained: only 22 rental properties and 15 sales listings last month, supporting prices. Key risks: affordability—median house prices are high relative to incomes—and negligible unit sales (0–2 yearly), limiting entry options. Future growth hinges on continued connectivity via nearby Seville Grove and Harrisdale.
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PropCred Estimated Value
Comparable Sales: 15 Grapestone Road sold around $1.15M | 6 Grapestone Road sold near $770K | Property Price Band: $1.0M–$1.1M | Value Drivers: five-bed layout, corner block usability, presentation and finish quality
Bedrooms
5
Bathroom
2
Parking
2
Land
497m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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