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.