10 New Bond Street, Midland WA 6056
10 New Bond Street, Midland WA 6056
4 bed 2 bath 2 car | Midland fringe house | strong rental yield suburb | mixed street character | buyer upside in land
This property presents a solid family configuration with four bedrooms and two bathrooms, which suits owner-occupiers and investors alike. The suburb has shown meaningful price growth recently, and the house sits within a precinct where detached homes on reasonable lots are becoming less common. For a buyer wanting room to move without paying inner-city prices, this offers practical space and a layout that works for daily living. It would serve a young family or a buyer looking to enter the market with a property that has both immediate livability and future potential.
The land size and build age are not confirmed, which matters because Midland contains both standard suburban blocks and much larger legacy holdings. If this house sits on a bigger-than-average lot, that adds flexibility for extensions or a granny flat, subject to council rules. The street itself appears mixed in character, with some older stock and some redevelopment activity nearby. That may mean the immediate presentation varies from house to house, so a buyer should inspect the property’s condition and how it compares to its direct neighbours. Rental demand in the area is steady, with yields around five percent, which supports the property as a viable purchase even if you are not planning to live in it long term.
|| Comparable Sales: 6 New Bond Street, 4 bed 1 bath on 1,012m², sold price not confirmed | 1 New Bond Street, 4 bed 1 bath on 688m², 1997 build | Property Price Band: $500,000–$600,000 | Value Drivers: land size, condition and presentation, layout suitability for family living
Detailed Independent Property Report prepared by PropCred Analyst team for 10 New Bond Street, Midland WA 6056
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Midland is a mixed-use suburb where industrial, commercial and residential zones sit alongside a State Government urban renewal area that has been adding new dwellings since 2000. The predominantly 20-29 age cohort and a 6.08% population rise since 2016 point to young buyers and renters driving demand, supported by strong investment fundamentals: houses return a 5.02% gross yield and units 6.35%, with median weekly rents of $600 and $590 respectively. House prices have grown sharply, with a median of $624,000 and 21.17% annual capital growth, while units sit at $535,000 after rising 24.4% in the same period. Houses clear in around 12 days, reflecting tight stock levels. The renewal project remains the key forward driver, having already reshaped the suburb’s composition; however, rapid price appreciation and the absence of vacancy or supply data leave the sustainability of this momentum unquantified.
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PropCred Estimated Value
Comparable Sales: 6 New Bond Street, 4 bed 1 bath on 1,012m², sold price not confirmed | 1 New Bond Street, 4 bed 1 bath on 688m², 1997 build | Property Price Band: $500,000–$600,000 | Value Drivers: land size, condition and presentation, layout suitability for family living
Bedrooms
2
Bathroom
1
Parking
1
Land
505m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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