10/307 Wharf Street, Queens Park WA 6107
10/307 Wharf Street, Queens Park WA 6107
This 2-bedroom, 1-bathroom unit with one car space sits within a 1968 complex on a 2,581 m² shared lot. Located in Queens Park under Canning Council, it offers a standard configuration for the area.
The unit is positioned within a well-established complex, and its classification as a villa in some listings suggests a ground-floor layout with private outdoor space, a feature that is competitively strong in this price tier. The 1968 build era provides solid construction and generous room sizes, which appeal to buyers seeking space over modern finishes. Described as being in a brilliant position, the property is best suited to investors or owner-occupiers looking for a renovation opportunity in a central location. Its positioning within the suburb is typical of mid-century stock, offering a stable entry point without the premium of newer developments.
The previous listing price of $499,000 may reflect a premium over a recent sale of $375,000 for a similar unit in the same complex, which could indicate superior condition, size, or aspect. The 1968 construction may require updates to kitchens, bathrooms, or systems, which could affect the overall value. The property is not currently on the market, so any price view should be formed by weighing its potential for improvement against the cost of necessary renovations.
Detailed Independent Property Report prepared by PropCred Analyst team for 10/307 Wharf Street, Queens Park WA 6107
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Queens Park presents a compelling entry point into Perth’s inner-ring market, attracting strong buyer and investor interest. Demand is driven by its affordability relative to neighbouring suburbs, appealing to both first-home buyers and investors seeking high rental yields. The market is exceptionally tight, with houses selling rapidly and vacancy rates critically low, reflecting intense competition for limited stock. This robust activity has fuelled significant recent price appreciation across both houses and units. Future growth is underpinned by this persistent supply-demand imbalance, though its rapid price escalation introduces sensitivity to broader economic shifts.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
2581m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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