141 Fulham Street, Kewdale WA 6105
141 Fulham Street, Kewdale WA 6105
Large 1,956m² landholding | 2 bed 1 bath modest house | redevelopment upside in Kewdale | mixed older suburb with strong convenience demand
This property’s core strength is its exceptionally large land size, roughly double to triple what most nearby houses sit on. That rarity alone positions it for buyers who see beyond the current two-bedroom dwelling, which is modest and likely dated. The house itself serves well as a rental or a knockdown candidate, but the real value sits in the land’s potential for subdivision, multi-dwelling development, or simply holding a substantial parcel in a suburb increasingly defined by duplex and townhouse infill. It suits a buyer with medium-term vision, someone comfortable with older housing in exchange for land upside, and who values Kewdale’s practical convenience to retail, transport, and the airport corridor.
The current dwelling’s age, condition, and internal layout may not match modern expectations, which could limit its appeal to owner-occupiers seeking move-in quality. Its value may hinge more on zoning flexibility and what a future buyer could do with the site, rather than the house as it stands. The street itself mixes older houses and newer duplexes, so the immediate context may feel transitional, and any redevelopment path would likely require council approval and associated costs. Buyers should weigh the holding period and potential outlay against the land’s long-term potential, rather than expecting the existing house to carry the price.
|| Comparable Sales: 149 Fulham Street, a renovated duplex on half a 1,214m² block, around $950,000; 140 Fulham Street, a 3×1 house on 787m², estimated near $969,000 | Property Price Band: $700,000–$800,000 | Value Drivers: land size, redevelopment potential, location convenience
Detailed Independent Property Report prepared by PropCred Analyst team for 141 Fulham Street, Kewdale WA 6105
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Kewdale is a tightly held family market anchored by airport and industrial employment proximity, with houses averaging 9–10 days on market. Families dominate demand for 3–4 bedroom houses between $800k and $1m, while investors and downsizers target 2-bedroom units under $600k. Median house prices range from $800k to $870k, with annual growth of 16.8–22.3%. Units have grown 10.5–23.5%, with gross yields of 5.8–6.15% versus 4.1–4.73% for houses. Limited supply (only five listings) and annual sales of 75–105 houses underpin price momentum. Future growth rests on continued transport investment along Orrong Road and school catchment demand. Key risks are affordability stretching first-home buyers in a high-rate environment and investor sensitivity to interest rates over capital growth.
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PropCred Estimated Value
Comparable Sales: 149 Fulham Street, a renovated duplex on half a 1,214m² block, around $950,000; 140 Fulham Street, a 3×1 house on 787m², estimated near $969,000 | Property Price Band: $700,000–$800,000 | Value Drivers: land size, redevelopment potential, location convenience
Bedrooms
2
Bathroom
1
Parking
1
Land
1956m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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