15 Grapestone Road, Piara Waters WA 6112
15 Grapestone Road, Piara Waters WA 6112
This is a 4-bedroom, 2-bathroom single-storey house on a 493sqm lot with two car spaces, built in the early to mid 2010s. The property sits on a generous lot in a family-friendly suburb, offering a configuration that is typical for the area but with a land size that is above average for its price segment.
What is competitively strong here is the land-to-house ratio. At 493sqm, the lot is larger than many comparable family homes in the suburb, which tend to sit on tighter blocks. This gives the property a rare advantage for buyers who value outdoor space or future flexibility. The single-storey layout also appeals strongly to downsizers or families with young children who want practicality without stairs. The property is positioned at the premium end of the suburb’s market, which means it attracts buyers who are willing to pay more for a better block rather than just a newer build. It serves best the buyer who wants a modern family home with room to breathe, not just a house that ticks boxes.
Several factors may materially affect the value of this property. The build date around 2015 means it is not brand new, so finishes and mechanical systems like air conditioning or roofing may need attention sooner than a newer home. The absence of specific finish details in the listing could indicate standard-grade fittings, which might not justify the premium price for some buyers. Orientation is not confirmed, which could affect natural light and energy efficiency. The price point sits above the suburb’s typical range, so the buyer pool is smaller and more selective. These factors should be weighed carefully when forming a view on price, as they may limit how quickly the property sells or how much negotiation room exists.
Detailed Independent Property Report prepared by PropCred Analyst team for 15 Grapestone Road, Piara Waters WA 6112
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Piara Waters is a high-demand suburb characterised by rapid turnover and strong price appreciation, driven by its appeal to affluent families. This demand is supported by robust sales activity and a consistently tight supply of listings. While the market demonstrates significant momentum, its high price point relative to local rents presents an affordability consideration for future growth.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
493m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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