11 Underwood Street, Carey Park WA 6230
11 Underwood Street, Carey Park WA 6230
11 Underwood Street is a four-bedroom, two-bathroom single-storey brick-and-tile house built in 1993 on a 730-square-metre lot with two parking spaces and an internal area of approximately 200 square metres. It sits in an established residential pocket of Carey Park where four-bedroom homes with two bathrooms are less common than the standard one-bathroom configuration found in many 1990s builds nearby. The property’s positioning within the suburb is solid—it offers a practical family floorplan on a level block in a neighbourhood that attracts buyers looking for space without the premium attached to newer estates.
What gives this property a competitive edge is the two-bathroom layout combined with two dedicated parking spaces, which is a genuine rarity for a 1993 build in this part of Carey Park. Most comparable homes from the same era offer only one bathroom and a single car space, so this house immediately serves a broader buyer pool—particularly families who value morning-routine flexibility and off-street parking for two vehicles. The 730-square-metre lot is slightly smaller than the more generous blocks found on the same street, but it remains a functional size for a family with children or pets. The house is best suited to buyers who want a move-in-ready home in a settled suburb with good school proximity and who prioritise bedroom count and bathroom count over land area.
A few factors may influence how this property is valued. The 1993 build age means internal finishes—flooring, cabinetry, window treatments—are likely original or from an earlier renovation cycle, and a buyer should budget for updates if they want modern standards. The lot size, while adequate, is noticeably smaller than the 800-plus-square-metre blocks common on this street, which may limit appeal for buyers who prioritise outdoor space or future subdivision potential. Water and council rates are moderate for the area, and no major infrastructure or zoning changes are evident in the immediate vicinity. The property’s value will likely hinge on how the interior presents relative to other four-bedroom homes in the same price band, rather than on land size alone.
Detailed Independent Property Report prepared by PropCred Analyst team for 11 Underwood Street, Carey Park WA 6230
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
Carey Park is positioned as an affordable entry point within the Bunbury region, attracting a diverse demand base of first-home buyers, yield-focused investors, and professionals seeking easy commutes. Recent price growth has been exceptionally strong, reflecting a persistent seller’s market with low rental vacancies and rising rents underpinning investor interest. Future growth is supported by ongoing infrastructure upgrades, though rising affordability pressures and an increasing supply of listings present emerging market constraints.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
729m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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