11A Russell Street East Cannington WA 6107

11A Russell Street East Cannington WA 6107
New 4-bed house on 267mΒ² lot | Opposite primary school gated access | Recently developed from land | Low-maintenance gardens & alfresco This property presents a competitively strong offering as a newly built, single-level family home in a practical location. Its direct adjacency to a primary school with gated access is a rare and valuable amenity for young families, creating immediate convenience and a built-in community aspect. The modern 4-bedroom, 2-bathroom configuration with a low-maintenance design serves owner-occupiers seeking a turnkey solution, while the estimated rental yield range also aligns with investor criteria for this demographic. Proceed with the understanding that its primary risk is price validation in a suburb with limited recent comparable sales data for newly built houses. The ‘low confidence’ search band indicates market ambiguity, making pre-auction valuation critical. The opportunity lies in securing a modern property without future renovation capital expenditure. This house is a hold for either a long-term family home or a rental targeting school-area tenants. Propcred can provide the precise real market valuation and locality risk assessment needed to bid with authority at auction. Recent comparable sales data is limited for new builds in East Cannington. The land was purchased for approximately $195,000 two years ago, and adjacent land listings historically transacted around $243,000. This historical land context underscores the significant value added through construction, but final market value for the completed house must be established against current buyer competition, not historical land costs.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

East Cannington is an established residential suburb characterised by strong recent capital growth, particularly for units, and a notably fast-moving market for houses. This demand is supported by its relative affordability and proximity to Perth, appealing to owner-occupiers and investors seeking solid rental yields. Future growth will likely be anchored by its established nature and limited new supply, though its reliance on neighbouring areas for amenities presents a key constraint.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

267mΒ²

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