187 Spearwood Avenue, Spearwood WA 6163
187 Spearwood Avenue, Spearwood WA 6163
4 bedrooms, 2 bathrooms, 2 car spaces on a single level. Land size is 838 m² with R40 zoning. Built in 1978 with 132 m² of internal floor area.
The property’s strongest competitive advantage is its land size combined with R40 zoning, which is uncommon for a 1970s house in this suburb. Most homes of this era sit on smaller lots, so the extra land provides genuine development optionality without sacrificing the existing four-bedroom configuration. This makes the house particularly suited to a family buyer who wants immediate living space plus future subdivision potential, or an investor looking to hold for medium-density redevelopment. The two-bathroom layout is also above average for its build period, which improves its appeal to modern family households. Within the suburb, this property sits at the upper end of the market, not because of the house itself, but because the land parcel offers more than the typical residential lot.
The age of the building may materially affect the property’s value, as a 1978 construction likely requires updates to kitchen, bathroom, and energy efficiency standards. Buyers should factor in renovation costs when forming a view on price. The land size discrepancy between sources is a real point to resolve, as a confirmed 838 m² lot would support a stronger valuation than 612 m². The R40 zoning may also influence future neighbourhood density, which could affect privacy or street appeal over time. These factors may create negotiating room, but they do not diminish the property’s core strength as a land-rich holding in an established suburb.
Detailed Independent Property Report prepared by PropCred Analyst team for 187 Spearwood Avenue, Spearwood WA 6163
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
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Market Insight
Spearwood is a high-growth suburb experiencing exceptional capital appreciation, significantly outperforming neighbouring areas in both house and unit price growth. Demand is driven by a robust local workforce and strong rental returns, particularly for units, which are attracting investor interest. The market is characterised by rapid sales and rising rents, indicating sustained buyer competition. Future growth is underpinned by this momentum, though the pace of recent gains suggests a market approaching peak affordability for some segments.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
838m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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