173 Karbro Drive, Cardup WA 6122
173 Karbro Drive, Cardup WA 6122
5-bed 2013 house | 2-hectare residential lot | bushfire & flood overlays | pool & 5G coverage
This property presents a distinct proposition as a modern, large-format family home on a substantial parcel, a combination increasingly scarce near urban growth corridors. Its five-bedroom configuration and reliable utilities cater specifically to a demographic seeking space and connectivity, positioning it strongly for long-term owner-occupation. The scale offers immediate utility and future flexibility, serving a buyer for whom land size outweighs overlay complexities.
The overlays introduce defined risk, mandating specialist reports and potentially increasing insurance and improvement costs. The commercial logic lies in acquiring significant land at a price point where overlays are discounted, provided due diligence is rigorously executed. This is a hold property; its value accrues through land banking and enduring family use, not short-term speculation. Proceed only with full costings for overlay compliance.
* 49 Karbro Drive: 4 bed, 2 bath on 2.83ha, listed at $847,990. This highlights a significant premium for the subject’s extra bedroom and newer build.
* Cardup range: $659k – $799k. The subject’s $2.15m estimate is in a different market segment, underscoring its positioning as a premium, large-lot offering within the area.
The comparable data confirms this property operates in a premium tier, justified by its superior bedroom count, modern construction, and acreage. It is not directly comparable to standard suburban lots.
Detailed Independent Property Report prepared by PropCred Analyst team for 173 Karbro Drive, Cardup WA 6122
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Cardup is a tightly held, high-ownership suburb experiencing exceptional capital growth, with houses selling rapidly. This intense demand is driven by a high-income demographic seeking secure, established housing. The market is characterised by very strong price appreciation and extremely low turnover, indicating deep-seated owner-occupier commitment. Future growth is underpinned by this affluence and scarcity, though the primary constraint remains significant affordability pressure for new entrants.
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PropCred Estimated Value
Bedrooms
5
Bathroom
2
Parking
2
Land
2 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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