2/47 Third Avenue, Kelmscott WA 6111
2/47 Third Avenue, Kelmscott WA 6111
This is a four-bedroom villa on a 2145-square-metre lot with four bathrooms-three ensuites plus a common bath-and two car spaces. Positioned at the entrance to the Perth Hills and Roleystone, the property uses villa classification but holds land more typical of a detached house.
The configuration is rare in Kelmscott: a villa with four ensuites on a large lot, offering privacy and space uncommon in attached housing. Its location at the gateway to the hills gives scenic appeal and a semi-rural feel while remaining within the suburb’s core. The 100 percent tenanted building suggests steady local rental demand, though building-level data is limited. This property best suits a buyer who values land area and ensuite bedrooms over a traditional house, potentially a family seeking separate spaces or an investor targeting a niche rental offering.
The large lot on a villa title may affect financing options differently than a freehold house, so lender criteria should be reviewed early. A WAPC-approved development on an adjacent lot within the same parcel signals possible future changes to the immediate area-this could enhance value if well-managed or introduce construction disruption. Without stated finishes, age, or floor plan, the actual condition and layout will be a key factor in price negotiations, and a thorough inspection is recommended to assess how the villa’s internal quality matches its land advantage.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/47 Third Avenue, Kelmscott WA 6111
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Kelmscott is a high-demand, family-oriented suburb in Perth’s expanding southeast, characterised by rapid price appreciation and strong sales velocity. Demand is driven by middle-income families and trades professionals, supported by solid rental yields. Recent market conditions show exceptional capital growth, with houses transacting swiftly, indicating sustained buyer competition. Future growth is anchored to Perth’s broader metropolitan expansion and infrastructure links, though affordability pressures and interest rate sensitivity present notable constraints for this mortgaged market.
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PropCred Estimated Value
Bedrooms
4
Bathroom
4
Parking
2
Land
2145m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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