12/21 Disney Road Parmelia WA 6167
12/21 Disney Road Parmelia WA 6167
Ground-floor unit | multi-purpose room as third bedroom | well-connected Parmelia pocket | strata complex with recent lower-priced sales
This ground-floor two-bedroom unit presents a functional layout enhanced by a convertible multi-purpose room, offering rare flexibility for a first buyer or investor within this price segment in Parmelia. Its position in a well-connected pocket serves occupants needing access, while the ground-floor aspect appeals to those seeking single-level living. The unit is best suited for a cost-conscious buyer prioritizing utility over premium finishes, given the absence of data on condition or upgrades.
The primary risk is pricing divergence from recent complex sales, with a 2025 two-bedroom sale at $290,000 contrasting sharply with the $399,000 guide and a $481,000 off-market reference. This dispersion signals an unstable price perception in the complex, costing a buyer in potential overpayment. The opportunity lies in securing a flexible floor plan at a competitive entry point if due diligence validates a value increase. Proceed only with a valuation that reconciles these sale disparities, supported by our property report’s real market valuation and locality risk assessment to secure your position.
Recent comparable sales within the complex indicate a lower price point than this listing’s guide.
– Unit 27/21: Sold for $290,000 in April 2025.
– Unit 4/21: Sold (date incomplete).
This sales history challenges the listed price guide, requiring clear justification for the increase.
Detailed Independent Property Report prepared by PropCred Analyst team for 12/21 Disney Road Parmelia WA 6167
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
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Market Insight
Parmelia presents as an affordable entry point within its region, attracting a younger demographic of predominantly working households. Demand is driven by strong sales activity and rapid turnover, reflecting a competitive market for houses. Recent price growth has been robust, supported by solid rental increases. Future momentum hinges on sustained demand for its established housing stock, though the market’s narrow focus on houses and slower turnover compared to adjacent suburbs presents a key constraint on liquidity and breadth.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
-
Land
1.97 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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