17/29 Heard Way Glendalough WA 6016

17/29 Heard Way Glendalough WA 6016
Upper-level end unit | leafy private cul-de-sac | revamped interior | versatile enclosed sunroom balcony | near open space and lake This unit presents a competitively strong proposition due to its position as a revamped end unit in a tranquil, leafy complex. The private, versatile sunroom balcony and open-plan layout create a liveable edge over standard apartments, serving an owner-occupier seeking a low-maintenance retreat or an investor targeting the strong rental demand indicated by the estimated yield. Its location adjacent to Glendalough Open Space and Herdsman Lake cements its appeal for lifestyle-oriented buyers. The decision hinges on paying a premium for its condition and positioning within a suburb where unit median prices are notably lower. The sharp appreciation since its 2020 sale necessitates rigorous valuation against recent comparable sales to justify the listed price. This property is best acquired as a long-term hold, leveraging its livability for stable occupancy. Our tailored report would pressure-test its valuation, detail locality risks, and streamline due diligence for a secure purchase. Recent comparable sales data for Glendalough shows 45 units sold this year, with a median price of $450,000. The property last sold for $220,000 in August 2020. This context suggests the current asking price seeks a significant premium above the typical market, demanding scrutiny of specific recent sales to validate its revamped condition and end-unit positioning.
Detailed Independent Property Report prepared  by PropCred Analyst team for 17/29 Heard Way Glendalough WA 6016
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Market Insight:

Glendalough is a tightly held inner-city suburb attracting young professionals, evidenced by its dominant demographic and high household incomes. Demand is driven by its prime location near Perth and key infrastructure, creating a competitive market with very low days on market. Recent price growth has been strong, though some data indicates a potential moderation in the compound rate. Future growth is underpinned by a healthy demand-to-supply ratio, with the key constraint being affordability pressures as prices sit above the state average.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

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