1111 Wanneroo Road, Wanneroo WA 6065
1111 Wanneroo Road, Wanneroo WA 6065
809mยฒ block in central Wanneroo | 2-3 bed config uncertainty | 90% owner-occupied street | 7-day median days on market
The property’s primary buying case rests on its generous land size in a tightly held street where 90 percent of properties are owner-occupied, a signal of low turnover and stable neighbourhood character. The 809-square-metre block offers configuration flexibility that smaller nearby lots cannot match, and the 102-square-metre building footprint leaves room for extension or redevelopment subject to council approval. This house serves best for buyers seeking land banking in a corridor with established schools and consistent demand, where the 7-day median days on market indicates competition is real but not overheated.
The conflicting bedroom count across listings introduces valuation risk, as a 2-bedroom house on this land commands a different buyer pool than a 3-bedroom one. Buyers should verify the actual configuration before committing to any offer. The last sale in 2005 means the property carries significant holding cost advantage for a patient buyer, but the 2005-era condition is unknown and may require immediate capital for updates. Hold this property for its land value trajectory in a suburb with 12,000 residents and improving amenity, treating the house as a secondary consideration to the site itself.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Wanneroo is an established northern suburb with a strong, working-age demographic, primarily tradespeople, driving consistent demand. The market is characterised by robust capital growth and rapid sales, indicating high buyer competition and a tight supply environment. Future growth is underpinned by its established nature and demographic stability, though limited available listings present a key constraint on market fluidity and choice.