11 Hardwick Street Morley WA 6062

11 Hardwick Street Morley WA 6062
3 beds | 1 bath | 376sqm lot | 71% site coverage | strong rental yield | Morley growth 11.3% The buying case for this property rests on its unusually high site coverage of 71%, which is rare in a standard residential lot and signals that the existing floor plan already maximises the land envelope. For a buyer seeking immediate occupancy with strong rental fundamentals, the combination of a renovated interior, solar panels, and a 3.8% yield in a suburb growing at 11.3% offers a solid entry point. The property serves best as a low-maintenance hold for an investor or a downsizer who values single-level living and proximity to schools, with the open-plan layout and alfresco area supporting both owner-occupier comfort and tenant appeal. The primary risk is the single bathroom, which may limit appeal to families and cap future capital growth relative to comparable houses with two bathrooms. The 1968 build age, while renovated, carries deferred maintenance risk in the roof and services not visible in imagery. However, the 376sqm lot in a growth corridor with no overlays provides a clear opportunity for a future subdivision or knockdown rebuild, though the current 71% coverage leaves minimal space for extension without rezoning. Hold for rental income and land appreciation, or sell when Morleyโ€™s growth cycle peaks.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Morley presents as a dynamic, family-oriented suburb with strong market fundamentals. Demand is driven by a mix of established residents and active purchasers, supported by robust sales activity and rapid turnover. Recent price trends show exceptionally strong growth across both houses and units, indicating a highly competitive market. Future growth is underpinned by solid rental yields and established infrastructure links, though affordability pressures and a significant portion of mortgaged owners introduce sensitivity to economic conditions.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

376mยฒ

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