15 Fawell Street, Midland WA 6056

15 Fawell Street, Midland WA 6056
3 bed 2 bath 2 car on 565sqm | 257sqm living area with 2 living spaces | 2002 build with 45% coverage | Bushfire and heritage overlays | Estimated rent $720/week Presented as a substantial detached family house, this 2002 built residence is configured with 257 square metres of internal living on a 565 square metre lot. Two separate living areas, three bedrooms, two bathrooms and a double garage are accommodated within a layout that suits families needing space. The property is placed within the Governor Stirling Senior High School intake area, and the new train station and major road corridors are readily accessed. A high estimated rent of $720 per week is achieved, indicating strong rental demand, so the house is considered equally viable for owner-occupiers and investors. The building coverage of 45% is noted, leaving usable outdoor space that is not always found in newer infill properties. The presence of bushfire and heritage overlays may shape renovation or development options, so those controls should be reviewed before any alteration work is planned. The wide variability in property types on the same street might affect resale comparison, and the older established character of the area could influence buyer perception. The recent strong capital growth in the broader locality may be partially offset by these constraints, and the eventual sale price is likely to be guided by how the property’s size and condition are weighed against its planning limitations. >> Comparable Sales: 11/9 Fawell Street sold $615,000 | Property Price Band: $800K–$900K | Value Drivers: land size, internal floor area, planning overlays
Detailed Independent Property Report prepared  by PropCred Analyst team for 15 Fawell Street, Midland WA 6056
Checks found:
Value Risk ✕ 2
Liquidity Risk ✕ 2
Planning Risk ✓
Income Risk ! 1
Execution Risk ! 1
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Market Insight

Midland is a mixed-use suburb where industrial, commercial and residential zones sit alongside a State Government urban renewal area that has been adding new dwellings since 2000. The predominantly 20-29 age cohort and a 6.08% population rise since 2016 point to young buyers and renters driving demand, supported by strong investment fundamentals: houses return a 5.02% gross yield and units 6.35%, with median weekly rents of $600 and $590 respectively. House prices have grown sharply, with a median of $624,000 and 21.17% annual capital growth, while units sit at $535,000 after rising 24.4% in the same period. Houses clear in around 12 days, reflecting tight stock levels. The renewal project remains the key forward driver, having already reshaped the suburb’s composition; however, rapid price appreciation and the absence of vacancy or supply data leave the sustainability of this momentum unquantified.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

565m²

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