19 Parmelia Close, Ellenbrook WA 6069
19 Parmelia Close, Ellenbrook WA 6069
3 bed on full-size block | typical Ellenbrook family stock | priced at local benchmark | catchment schools secured
This house presents a competitively standard offering for the Ellenbrook family market, aligning precisely with the dominant local configuration of three bedrooms on a circa 258-square-metre block. Its listed price sits at the established neighbourhood benchmark, indicating a vendor expectation in line with recent comparable listings. This property serves buyers seeking entry into a settled suburban catchment, with the key advantage being its alignment to the area’s most common and liquid housing profile, ensuring straightforward valuation and broad buyer appeal.
The primary risk is the absence of a demonstrable premium through finishes, aspect, or modern amenities, which may limit capital growth against newer or renovated stock. The opportunity lies in acquiring a fundamental, high-demand housing type at the median point, providing a stable holding with predictable rental demand from families targeting the noted school zones. Proceed as a long-term hold for owner-occupation or investment, leveraging its conventional appeal.
Detailed Independent Property Report prepared by PropCred Analyst team for 19 Parmelia Close, Ellenbrook WA 6069
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Ellenbrook is a developing suburb with robust sales activity and properties moving quickly, indicating strong demand. This demand is driven by a high proportion of mortgaged owners, suggesting a market of aspirational buyers. Recent price trends show significant growth in both house and unit values, supported by tight rental conditions with a low vacancy rate and solid yields. Future growth is underpinned by ongoing infrastructure projects, while the market’s sensitivity to interest rates, given the high mortgage ownership, presents a key constraint.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
258m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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