16 Tulipwood Place, South Lake WA 6164
16 Tulipwood Place, South Lake WA 6164
4×2 house on 667m2 | pool and solar added | family catchment | bushfire overlay flagged
This is a well-configured family house on a larger block than typical for the area, with the pool and solar panels placing it above basic stock in liveability and running cost terms. The 1993 build is not new, but the single-storey layout and 138m2 internal area suit households wanting functional space without excessive maintenance. It sits within primary and secondary school catchments, which tends to anchor demand from owner-occupiers, and the lot size leaves room for outdoor use that is increasingly valued in established suburbs. The strongest buyer for this property is likely a family seeking a move-in ready house with established landscaping and lower ongoing energy costs, rather than an investor chasing maximum yield.
The bushfire overlay may affect insurance premiums or future landscaping choices, and while no flood or heritage constraints were flagged, that overlay is worth verifying with the local council for any development or renovation plans. The pool adds lifestyle appeal but also ongoing maintenance costs, which could narrow the buyer pool slightly if the property is marketed during cooler months. The block’s size and building coverage leave some potential for future expansion, but any changes would need to comply with current setback and overlay rules, so a buyer should confirm those limits before forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 16 Tulipwood Place, South Lake WA 6164
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
South Lake presents as a family-oriented suburb with strong recent momentum, driven by young households seeking relative affordability within Greater Perth. This demographic demand has fuelled exceptionally robust house price growth, with a notably fast-moving sales market indicating sustained buyer competition. Future performance is underpinned by this established family appeal, though a high rate of mortgaged ownership suggests sensitivity to broader economic conditions affecting affordability.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
667m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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