101 Devenish Street, East Victoria Park WA 6101
101 Devenish Street, East Victoria Park WA 6101
Large 744m² block | 17.6m frontage | older 4-bed house | subdivision potential hinted | strong inner-city demand
What stands out here is the land. A 744–745m² lot with that frontage is uncommon in East Victoria Park, where most houses sit on noticeably smaller parcels. The existing dwelling is functional but dated, offered as-is, which means the value sits primarily in the block and its future options. For a buyer willing to renovate or hold for redevelopment, this represents a rare opportunity to secure a wide, elevated site close to the CBD, cafe precinct, and established school catchments. The rear shed adds practical utility, and the property likely suits land-bankers, multi-generational households, or those planning a future subdivision subject to council approval. It is not a turn-key family home, but it is a strong positional buy.
The condition of the house may temper immediate resale value, and the single bathroom could limit appeal for some owner-occupiers. Future planning changes might allow subdivision, but that remains conditional and unconfirmed, so buyers should not pay a premium purely on speculation. Rental income is modest relative to the price point, meaning the property’s investment case leans more toward capital growth than yield. The absence of any noted heritage or environmental overlays is a positive, but the older structure may require near-term maintenance or upgrades, which should be factored into any offer.
|| Comparable Sales: 18 Devenish St sold $1.23M, renovated 3×2 on 476m² | Property Price Band: $1.2M–$1.3M | Value Drivers: land size, frontage, subdivision potential, condition of dwelling
Detailed Independent Property Report prepared by PropCred Analyst team for 101 Devenish Street, East Victoria Park WA 6101
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
URL has been copied successfully!
Market Insight
East Victoria Park, under six kilometres from the Perth CBD, is a tightly held professional suburb with strong transport links and established school catchments. Its core demand is mid-to-high-income professionals buying three and four-bedroom houses, evidenced by 102 three-bedroom sales in the past year. House prices have climbed 18.5% to a $1.15m median, while units rose 22.5% to a $620,000 median, reflecting intense competition. Market conditions are exceptionally firm: houses sell in a median 14 days and vacancy sits at 0.90%, underscoring a supply shortage. Unit rental yields of 5.6% sustain investor interest, though house yields of 3.5% remain a constraint. Future growth hinges on continued infrastructure proximity advantages, but affordability is the central risk—particularly for the suburb’s 35% rental population as price growth outpaces income gains. Rate sensitivity remains a watchpoint given yield compression.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 18 Devenish St sold $1.23M, renovated 3×2 on 476m² | Property Price Band: $1.2M–$1.3M | Value Drivers: land size, frontage, subdivision potential, condition of dwelling
Bedrooms
4
Bathroom
1
Parking
1
Land
744m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!