15/83-87 Peninsula Road, Maylands WA 6051
15/83-87 Peninsula Road, Maylands WA 6051
2003-built 4/2/2 on 350m² | river-adjacent Maylands | three living areas | heritage and flood overlays | compact 199m² footprint
A competitively strong position is held by this 2003-built house: four bedrooms, two bathrooms, two car spaces and three living areas are packed into a 199m² footprint on a compact 350m² lot. The building coverage of roughly 57% is efficient for an inner-riverside suburb, and the configuration is more contemporary than a typical older Maylands cottage. With 5G and FTTN NBN, the property is well placed for hybrid work. It is best suited to downsizers, professional couples or small families who want river-adjacent amenity, parkland and a short CBD commute without maintaining a large garden.
The value of this house may be shaped most directly by its flood overlay and heritage overlay, both of which should be understood as potential constraints on extensions, excavation or site works and weighed carefully by any buyer. The compact land area and high building coverage may also be viewed as limiting further ground-level expansion, although the existing three-living-area layout could already be enough for most households. Insurance costs and due-diligence requirements might differ from a standard Maylands purchase, and those are best investigated early.
Detailed Independent Property Report prepared by PropCred Analyst team for 15/83-87 Peninsula Road, Maylands WA 6051
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Maylands, an inner-Perth suburb, draws demand from young professionals aged 30-39; population rose 4.95% from 2016 and household incomes are high. House prices have climbed 23.8-31.4% annually to $1.09M-$1.27M, while units grew 18.3-22.3% to $550k-$600k. Market conditions are tight: houses sell in 10-13 days. Rents are firm at $750/week for houses and $595/week for units, with yields of 3.4-3.6% and 5.4-5.6% respectively. Transport connectivity underpins future demand, as does continued population growth. Constraints remain: affordability is stretched, with median monthly mortgage payments of $2,410 in Perth’s top 26%, and 30.1% of stock is rentals, leaving the suburb exposed if tenant demand weakens.
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PropCred Estimated Value
Comparable Sales: 5/187 Peninsula Road (2-bed unit) sold $610,000; 4/97 Peninsula Road (unit) sold $620,000 | Listed Price Band: $1.3M to $1.4M | Value Indicator: land size, three-living-area layout, heritage/flood constraints
Bedrooms
2
Bathroom
1
Parking
1
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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