15C/49 Herdsman Parade, Wembley WA 6014

15C/49 Herdsman Parade, Wembley WA 6014
15C/49 Herdsman Parade, Wembley is a 2-bedroom, 1-bathroom unit with one car space, a 54 m² floor area, and a 69 m² land lot. It sits on Level 1 in a circa 1974 complex and has been recently updated with a bright, functional interior. This unit’s competitive strength lies in its updated interior, which sets it apart from much of the unmaintained 1970s stock in Wembley. The low strata fees and shared water and gas costs enhance its appeal for investors seeking a manageable holding cost. Its configuration and size suit first-home buyers or renters, with high rental demand indicated by consistent tenancies in the complex. The property is positioned as a well-maintained entry point in an established suburb, offering a balance of affordability and liveability without the need for immediate renovation. The smaller floor area of 54 m² and land lot of 69 m² may constrain value compared to slightly larger units in the area. The building’s age, circa 1974, might introduce maintenance considerations over time, though the recent updates mitigate some risk. The estimated yield of around 2.6% is conservative, but shared utility costs could improve net returns. Buyers should weigh the unit’s compact size against its updated condition and low ongoing costs when forming a view on price.
Detailed Independent Property Report prepared  by PropCred Analyst team for 15C/49 Herdsman Parade, Wembley WA 6014
Checks found:
Value Risk
Liquidity Risk ! 1
Planning Risk
Income Risk
Execution Risk 2
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Market Insight

Wembley is an established, well-located suburb experiencing strong demand driven by its proximity to key transport corridors and a mix of established and newer housing. The market is characterised by exceptionally tight conditions, with houses selling rapidly and a critically low rental vacancy rate indicating significant supply pressure. While this fuels robust price growth, particularly for units, the high entry point for houses presents a key affordability constraint for future buyers.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

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