2/19 Woodley Way, Parmelia WA 6167
2/19 Woodley Way, Parmelia WA 6167
3 beds | 1 bath | 1974 terrace | 277m² lot | 100m² internal | near Gilmore College | high owner-occupancy area
The property’s compact 100m² floorplan on a 277m² lot is a rare configuration in Parmelia, offering a lower entry point into a suburb where 3-bedroom houses median at $650,000. Its location within 0.5km of Gilmore College and proximity to two primary schools gives it a clear demographic edge for families seeking convenience. The 80% owner-occupancy rate and 78% long-term residency in the area signal stable neighbourhood demand, which supports resale liquidity. This terrace suits a buyer prioritising affordability and school access over internal space.
The 1974 build age introduces potential maintenance liabilities, particularly in a 100m² terrace where bathroom and kitchen updates may be needed. The single bathroom is a functional constraint for families or future tenants, and the 6-day market time suggests pricing must be sharp to attract offers. However, the 2022 sale history and median days on market of 9 indicate quick turnover is achievable with realistic pricing. Hold this property as a long-term rental in a high owner-occupier suburb where capital growth tracks the median.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/19 Woodley Way, Parmelia WA 6167
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Parmelia presents as an affordable entry point within its region, attracting a younger demographic of predominantly working households. Demand is driven by strong sales activity and rapid turnover, reflecting a competitive market for houses. Recent price growth has been robust, supported by solid rental increases. Future momentum hinges on sustained demand for its established housing stock, though the market’s narrow focus on houses and slower turnover compared to adjacent suburbs presents a key constraint on liquidity and breadth.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
277m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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