12B Thomas Street, Queens Park WA 6107

12B Thomas Street, Queens Park WA 6107
12B Thomas Street, Queens Park is a 4-bedroom, 2-bathroom single-storey house built in 2024 on a 1,052 m² lot with 2 parking spaces, premium kitchen appliances, separate laundry, and contemporary finishes throughout. This property is competitively rare for Queens Park because its land size is significantly larger than the typical suburban parcel, and its build date makes it one of the newest homes in the area. The combination of a modern floor plan with four bedrooms on a generous lot positions it well for families who want a move-in-ready home without compromising on outdoor space. It serves best buyers who value a new build with contemporary finishes but also want land that is above average for the suburb. The property sits in a quiet residential pocket with reasonable proximity to the CBD and local schools, though it does not sit in a high-demand school catchment. Its strongest signal is the land-to-home ratio, which is uncommon for a 2024 build in this price tier. What might materially affect value is the lack of documented aspect or orientation, which could influence natural light and energy efficiency depending on the actual layout. The property is on a ground-level block with no elevation, so drainage and site grading may be worth reviewing. Rental yield for a new 4-bedroom home on a large lot in Queens Park is moderate, not exceptional, and the suburb’s limited high-end retail and less frequent public transport could narrow the buyer pool. The absence of on-site amenities like a pool or gym is standard for this price point, but buyers should weigh whether the land size compensates for what the house itself does not offer. The 2025 sale and current 2026 listing suggest the market has not yet fully absorbed this property, which may indicate a pricing adjustment opportunity.
Detailed Independent Property Report prepared  by PropCred Analyst team for 12B Thomas Street, Queens Park WA 6107
Checks found:
Value Risk 2
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk
Execution Risk 2
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Market Insight

Queens Park presents a compelling entry point into Perth’s inner-ring market, attracting strong buyer and investor interest. Demand is driven by its affordability relative to neighbouring suburbs, appealing to both first-home buyers and investors seeking high rental yields. The market is exceptionally tight, with houses selling rapidly and vacancy rates critically low, reflecting intense competition for limited stock. This robust activity has fuelled significant recent price appreciation across both houses and units. Future growth is underpinned by this persistent supply-demand imbalance, though its rapid price escalation introduces sensitivity to broader economic shifts.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

1052m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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