10 Barussela Avenue, Greenmount WA 6056
10 Barussela Avenue, Greenmount WA 6056
Hillside suburb setting | Older detached stock dominates | Family-oriented demand | Larger block potential | Mixed-era housing character
This property sits within a suburb known for land-heavy, older detached houses rather than uniform modern estates. The area’s character leans toward families and owner-occupiers seeking space, with many homes offering generous lots, room for workshops or vehicles, and a quieter, more car-dependent lifestyle. Hillside positions in parts of the suburb provide elevated outlooks, which can be a genuine draw for buyers wanting a sense of privacy or views. The mix of eras, from mid-century modest homes to newer larger residences, means this house likely appeals most to buyers comfortable with older bones who value land and potential over turn-key presentation. Families prioritising proximity to schools, reserves, and walking trails will find the location practical, while those needing storage or hobby space may see added appeal if the layout supports it.
The property’s value may hinge on how its land size and condition compare to nearby older stock, where blocks often range from modest to substantial. A dated interior or original finishes could limit immediate appeal, but also offer renovation upside for the right buyer. Elevated aspect, if present, might support a premium, while a flatter or less private position could temper expectations. The lack of recent direct sales on the street means pricing may be guided by broader suburb trends, so careful comparison with similar aged homes on comparable lots is advisable before committing. Rental demand appears modest, so investment buyers should weigh yield potential against capital growth prospects.
Detailed Independent Property Report prepared by PropCred Analyst team for 10 Barussela Avenue, Greenmount WA 6056
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Greenmount, in WA, shows a tightly held market with only six listings and zero rental vacancies, while houses traded 39 to 54 times in the past year. The median house price sits between $818,000 and $850,000, reflecting annual capital growth of roughly 9.6 to 9.7 percent. Demand is anchored by mature clerical professionals aged 50 to 59, many on incomes above the state median, and the stock includes a Catholic primary school, supporting family appeal. Rental yields are modest at 3.9 percent, and with just over half of owners holding mortgages, rate sensitivity is a live risk. Population stability and scarce rental supply underpin the market’s defensive profile.
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PropCred Estimated Value
Comparable Sales: 17 Stuart Street sold $860,000; 10 Fraser Drive sold circa $800,000 | Property Price Band: $800K–$900K | Value Drivers: land size, original condition, aspect or outlook potential
Bedrooms
3
Bathroom
1
Parking
1
Land
1242m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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