11 Wooramel Way, Cooloongup WA 6168
11 Wooramel Way, Cooloongup WA 6168
4 bed 2 bath house | 680m2 block in Cooloongup | sold August 2024 for $630k | generous land for the area
This property is competitively positioned as a family-oriented house on a larger than typical suburban block, which is becoming less common in newer developments. The 4 bedroom 2 bathroom configuration with two car spaces serves the mainstream family market well, and the 680m2 lot offers space for outdoor living or future additions that many modern infill blocks cannot match. It is best suited to owner-occupier families or first time move-up buyers who value land size and practical accommodation over premium finishes, as the 136m2 internal area is functional rather than expansive.
The value of this house may be influenced by the fact that finish quality and building age are not confirmed, which could mean the property requires updates or is already well maintained. The larger block may also carry higher ongoing maintenance costs or present subdivision potential depending on local zoning, though no planning activity is evident from available information. Buyers should weigh the land size against the condition of the dwelling when forming a view on price, as the balance between these factors will determine whether the property represents fair value or a renovation opportunity.
Detailed Independent Property Report prepared by PropCred Analyst team for 11 Wooramel Way, Cooloongup WA 6168
Checks found:
Value Risk
✕
2
Liquidity Risk
✓
Planning Risk
✕
2
Income Risk
!
1
Execution Risk
!
1
Market Insight
Cooloongup presents as a tightly held, high-growth suburb where strong investor and owner-occupier demand is driving rapid price appreciation and swift sales. This demand is fueled by exceptional capital growth and rising rental returns, creating a competitive market with very low vacancy. Future performance hinges on sustaining this momentum against its established, mortgage-holding demographic and the inherent constraints of limited sales volume and rental supply.
PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
680m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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