114 Warrandyte Drive, Craigie WA 6025
114 Warrandyte Drive, Craigie WA 6025
4 bed 1 bath 1 car | established family pocket | older build on generous land | renovation or development angle | solid rental demand
This house sits in a well established part of Craigie where the street character is defined by older detached homes on mid sized blocks, mostly from the late seventies and early eighties. The four bedroom single bathroom layout is practical for a family but the real strength here is the land and the potential it carries. Homes in this immediate area have shown they can be repositioned through renovation or even explored for subdivision or a granny flat, which makes this property appealing to a buyer who wants to add value over time rather than just move in. It suits a family looking for space in a quiet suburban street, or an investor who sees the rental return and longer term upside in the lot itself. The school catchment for Craigie Heights Primary and Belridge Secondary adds to its usefulness for young households, and the long ownership patterns in the street suggest a stable, low turnover neighbourhood that holds its value well.
The condition of the house itself may be the biggest factor in what it is worth. If it is largely original, a buyer should budget for updating the kitchen, bathroom, and flooring to bring it to a modern standard. The single bathroom and single car space are modest for a four bedroom home, which might limit appeal for some families compared to newer or more finished options. The land size and the potential for future development may support a higher price, but that depends on zoning and how much work the buyer is prepared to take on. Rental demand looks consistent rather than exceptional, so the income return will likely be steady but not standout until improvements are made.
|| Comparable Sales: 2 Warrandyte Drive sold $870k, 135 Warrandyte Drive sold $1.11M | Property Price Band: $900k–$1M | Value Drivers: land size and subdivision potential, original condition requiring updates, street location within established school catchments
Detailed Independent Property Report prepared by PropCred Analyst team for 114 Warrandyte Drive, Craigie WA 6025
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
2
URL has been copied successfully!
Market Insight
Craigie is a northern Perth suburb with standard road links, where investor and owner-occupier demand drives a liquid market with 160 house sales in the past year. Median house price is $860,000, up 10.12% annually; three-bedroom homes are $857,500, four-bedroom $951,000. Units outperform: median $705,000, annual growth 16.5%, gross yield 5.43% versus 4.52% for houses. Houses sell in a median 11 days, indicating tight supply. Weekly rents are $700 for houses and $650 for units. However, limited public transport detail and absent school catchment or supply metrics leave affordability and rate sensitivity risks unquantified, as price growth outpaces the broader market.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 2 Warrandyte Drive sold $870k, 135 Warrandyte Drive sold $1.11M | Property Price Band: $900k–$1M | Value Drivers: land size and subdivision potential, original condition requiring updates, street location within established school catchments
Bedrooms
4
Bathroom
1
Parking
1
Land
684m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!