2/28 Padbury Way Bulgarra WA 6714
2/28 Padbury Way Bulgarra WA 6714
3-bed villa | 2 baths | 4 car spaces | 2012 build | flood overlay present
This property presents a competitively configured villa in a practical location, offering above-average car accommodation and modern construction within walking distance of primary schooling. Its strongest position is for an owner-occupier or investor seeking a low-maintenance three-bedroom home in Bulgarra with immediate utility connections and a functional layout. The special use zoning suggests a tailored complex environment, which typically translates to consistent streetscapes and managed common areas.
The primary decision factor is the identified flood overlay, which imposes a tangible risk mechanism affecting both insurance premiums and future saleability. The discrepancy in estimated values indicates market uncertainty, demanding due diligence. Proceed only with a conditional offer contingent on a valuation and flood impact assessment, positioning this as a long-term hold to mitigate the overlay’s cost. A Propcred report would precisely quantify these locality risks and provide the necessary checks for informed acquisition.
Recent sales data in the immediate area is limited, but listings show:
20/28 Padbury Way: 3-bed, 2-bath villa on large lot, estimated at $646,000.
28 Padbury Way: 3-bed, 2-bath villa, estimated at $739,000.
This cluster confirms demand for the configuration, though the subject property’s value sits below the top comparable, reflecting its specific lot size and potential risk profile.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/28 Padbury Way Bulgarra WA 6714
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Bulgarra is a young, family-oriented suburb with a strong trades-based demographic, positioned as a more affordable entry point within its region. Demand is driven by this established local workforce seeking family housing, creating a highly competitive rental market. Recent price growth has been robust, particularly for units, within a context of overall low sales volumes indicating a tight market. Future growth is underpinned by persistent undersupply, though sensitivity to broader regional sales declines presents a key constraint.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
4
Land
293m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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