11A Thor Street, Innaloo WA 6018
11A Thor Street, Innaloo WA 6018
Near-new 3×2 street-front townhouse | double garage and premium fitout | built 2024, sold 2025 | above-average for Innaloo stock | suits owner-occupiers and investors
This townhouse sits clearly above the typical Innaloo offering. Most of the suburb’s stock is older villas, compact apartments, or modest 3×1 houses on small lots, often with single garages and dated finishes. This one is different: a genuine street-front format with a double garage, high ceilings, stone benchtops, ducted reverse-cycle air conditioning, and a two-level layout that feels more like a small house than a unit. The 191 sqm land area is modest, but the under-roof space of about 233 sqm gives real internal presence. For a young family wanting three bedrooms and two bathrooms without yard maintenance, or a downsizer tired of older villa compromises, this property delivers a rare combination of newness, space, and convenience. It is also well placed for investors, as the premium finish and double garage should attract quality tenants willing to pay above typical suburb rents.
The main value consideration is the land size. At 191 sqm, the lot is small, and that limits future redevelopment potential or major extensions. The property’s value rests on its condition, layout, and location rather than land banking. Being street-front helps with privacy and street appeal compared to rear units, but the surrounding area has a mix of older housing and newer infill, so streetscape consistency varies. The 2024 build date means depreciation benefits are fresh for an investor, and the double garage is a genuine differentiator in a suburb where many comparable townhouses make do with single parking. The rental evidence nearby suggests strong demand for quality three-bedroom product, and this property should sit at the upper end of that range. Buyers should weigh the small lot against the premium internal specification and decide whether the finished product justifies the price per square metre.
|| Comparable Sales: 19C Thor Street 3×2 villa sold April 2025; 19 Thor Street 3×2 house sold 2019 | Property Price Band: $700,000–$800,000 | Value Drivers: near-new condition, double garage, premium internal specification
Detailed Independent Property Report prepared by PropCred Analyst team for 11A Thor Street, Innaloo WA 6018
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
Innaloo sits 10 km from Perth, close to beach and Westfield Innaloo, with parks and primary schools. Demand is led by renters and younger adults; the average age is 20 to 39 and 33.84% of households rent, attracted to retail and transport links. House prices have climbed 5.3% to 18.76% over the past year, with medians between $905,000 and $957,501; units reached $680,000, up 14.3%. The market is brisk: houses sell in around 9 to 12 days, with 166 to 178 sales annually, and vacancy is just 0.65%. Future growth rests on ongoing demand for beachside urban amenity, tight rental supply, and major retail infrastructure, but high entry costs, stock up 23.64% for houses, and rate sensitivity are constraints.
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PropCred Estimated Value
Comparable Sales: 19C Thor Street 3×2 villa sold April 2025; 19 Thor Street 3×2 house sold 2019 | Property Price Band: $700,000–$800,000 | Value Drivers: near-new condition, double garage, premium internal specification
Bedrooms
3
Bathroom
2
Parking
2
Land
913m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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