2 Astroloma Drive Success WA 6164
2 Astroloma Drive Success WA 6164
Corner block with gated side access | 577sqm land 2006 build | Council-approved studio | 85% owner-occupied street | Sub-10 day local market
The corner configuration with gated side access for a boat or caravan is the strongest positional advantage on this street, where 85% of properties are owner-occupied and long-term residents dominate. The council-approved studio provides immediate flexibility for a home business, guest accommodation, or gym without the cost or delay of separate approvals. At 31% site coverage, the house leaves meaningful outdoor space while the master suite with study and sitting room suits a professional couple or family needing separation of zones. The property serves buyers who prioritise low-turnover street character, multi-vehicle storage, and a layout that can absorb a working-from-home arrangement or multigenerational use.
The bushfire overlay is a non-negotiable cost for any future renovation or extension, and the inconsistent bedroom count across records signals a potential valuation gap if a lender or appraiser uses the lower figure. The 2009 sale price of $585,000 means the current owner holds significant equity, which can reduce negotiation flexibility. The rental potential of $805 per week against an estimated value of $1.18 million yields a gross return under 3.6%, making this a consumption-driven rather than yield-driven purchase. Hold for lifestyle and land banking on a corner block in a tight owner-occupied pocket, not for short-term capital gains.
Detailed Independent Property Report prepared by PropCred Analyst team for 2 Astroloma Drive Success WA 6164
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
Success is positioned as a high-growth outer suburb, attracting young families with its strong transport links and parkland amenities. Demand is driven by this demographic, seeking modern housing amid broader state population growth, resulting in rapid price appreciation and exceptionally tight market conditions with swift sales. Future growth is underpinned by sustained migration and limited new supply, though affordability pressures and interest rate sensitivity present notable constraints for mortgaged households.
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PropCred Estimated Value
Bedrooms
4
Bathroom
3
Parking
3
Land
577m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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