112/7-11 Heirisson Way Victoria Park WA 6100

112/7-11 Heirisson Way Victoria Park WA 6100
Corner apartment | 3 beds, 2 baths, ensuite | 1997 strata building | Balcony, gym, pool | Flood overlay present This unit presents a competitively sized three-bedroom layout with dual bathrooms, a configuration that is less common and commands stronger demand from small families or sharers within the apartment market. Its corner position enhances light and privacy, while building amenities like the pool and gym support a lifestyle appeal. The property best serves an owner-occupier seeking space or an investor targeting the durable rental demand evidenced in this complex. The primary decision mechanism is the flood overlay, which imposes potential insurance premiums and resale friction, offsetting the benefits of its established location and reliable connectivity. Value is anchored by a direct comparable sale within the building, indicating stable pricing. Acquire this as a long-term hold, prioritizing a structural inspection of the 1997 building and strata health. Propcred provides the specific market valuation, strata report, and flood risk assessment needed to secure this unit. Recent comparable sale within the same building provides a clear benchmark: – Unit 302/7-11 Heirisson Way: Sold for $485,000 in March 2025 (2 beds, 1 bath). This transaction suggests the subject 3-bedroom unit should command a measurable premium, confirming its position in a building with demonstrated market liquidity.
Detailed Independent Property Report prepared  by PropCred Analyst team for 112/7-11 Heirisson Way Victoria Park WA 6100
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Market Insight:

Victoria Park is positioned as a high-demand inner-city suburb experiencing robust capital appreciation, particularly in its housing market. Demand is driven by buyers seeking proximity to the city and lifestyle amenities, with strong competition for limited stock. The market has demonstrated significant upward momentum, reflecting tight conditions and sustained buyer interest. Future growth is underpinned by its established appeal and ongoing urban renewal, though potential constraints include affordability pressures and the limited availability of new land for development.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

1

Land

1.43 acres

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