15 Perriam Close, Parmelia WA 6167
15 Perriam Close, Parmelia WA 6167
Cul-de-sac adjacent park | 3-bed on 680m² | Under offer in 7 days | Single garage vs local norm
This house presents a compelling proposition for an owner-occupier, particularly a young family, due to its superior positioning within a quiet cul-de-sac directly adjoining a park. The practical dual-living layout and near-new kitchen appliances reduce immediate capital requirements. Its rapid transition to ‘under offer’ status demonstrates strong market appetite for well-located, entry-level houses in this suburb, despite the floor area being modest and the single garage a relative disadvantage against nearby stock.
Proceed with the understanding that its smaller internal size and single bathroom cap its appeal for upgraders, presenting a resale limitation. The value is anchored in the land parcel and park adjacency, not the dwelling itself. Secure it only if the price reflects the compromised configuration, with a view to long-term hold; the land component offers future improvement potential that mitigates the current dwelling’s limitations.
13 Perriam Close: Sold 6 Feb, listed at $699k with offer pending. 3 bed, 1 bath, but with a double car space and larger 128m² building.
8 Perriam Close: Sold 6 Jan 2025. A larger 4 bed, 2 bath configuration with a significant workshop, representing a premium offering.
These comparables confirm the active market and establish a benchmark, indicating this property’s asking price aligns with recent sales, though it offers less accommodation and car space.
Detailed Independent Property Report prepared by PropCred Analyst team for 15 Perriam Close, Parmelia WA 6167
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Parmelia presents as an affordable entry point within its region, attracting a younger demographic of predominantly working households. Demand is driven by strong sales activity and rapid turnover, reflecting a competitive market for houses. Recent price growth has been robust, supported by solid rental increases. Future momentum hinges on sustained demand for its established housing stock, though the market’s narrow focus on houses and slower turnover compared to adjacent suburbs presents a key constraint on liquidity and breadth.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
680m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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