19B Twin Branch Rise, Leeming WA 6149

19B Twin Branch Rise, Leeming WA 6149
3 bed 2 bath 2 car | 398m² block | Sold $2.865M | Premium finish likely | Small lot A compact three-bedroom residence on a 398 square metre block, this property has been transacted at a level that is understood to reflect a bespoke or extensively upgraded dwelling. The configuration is modest in room count, but the price point is driven by interior quality, fixtures and presentation rather than land area. This property is best suited to a discerning buyer seeking a lock-and-leave home with high-grade finishes and minimal external maintenance, likely a professional couple or small family prioritising location and turn-key condition. The compact land size may be seen as a constraint on future expansion, while the price point might be justified only by the quality of internal finishes and the condition of the building. Ongoing maintenance of a high standard of presentation and any unique architectural features could be central to sustaining the price paid. The balance between the premium outlay and the practical utility of the floor plan should be weighed carefully.
Detailed Independent Property Report prepared  by PropCred Analyst team for 19B Twin Branch Rise, Leeming WA 6149
Checks found:
Value Risk ! 1
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk ✕ 2
Execution Risk ✓
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Market Insight

Leeming, a southern Perth suburb, is defined by acute scarcity. Houses sell in a median 8 days and the vacancy rate is 0.29%, indicating severe supply-demand mismatch. The median house price rose 16.81% to $1,250,888 (REIWA), though estimates range to $1.37M. Demand comes from high-income households (median weekly income above $2,325) chasing limited stock—125 house sales and only 8 unit sales in 12 months. Rental pressure is intense: median house rent is $820–$850 weekly, with gross yields around 3.55%. School quality and transport links are not documented. Future growth faces affordability headwinds above $1.2M and interest-rate sensitivity, with no explicit demand drivers beyond scarcity.
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PropCred Estimated Value

Comparable Sales: 7 Twin Branch Rise sold $1.3M | Property Price Band: $2.8M-$2.9M | Value Drivers: finish level, layout, presentation

Bedrooms

3

Bathroom

2

Parking

2

Land

398m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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