2 Lydia Place, Greenfields WA 6210
2 Lydia Place, Greenfields WA 6210
Large block with side access | 1993 house on 753m² | converted fourth bedroom | workshop and enclosed patio | quiet Greenfields location
The competitive strength of this property is its rare combination of a 753m² block with side access and a functional workshop, which is not common in Greenfields’ typical suburban stock. The 116m² floor area has been refurbished with new carpets and a split-system air conditioner, while the enclosed patio materially expands usable living space. This house serves buyers needing space for vehicles, hobbies, or storage—owner-occupiers with boats, trailers, or trades. The quiet location and established fruit trees add lifestyle appeal, positioning it as a practical, utility-focused home near the suburb’s median value.
The 1993 build year may affect long-term maintenance expectations, though the refurbished interior and outdoor improvements reduce immediate concerns. The single bathroom and car space might limit appeal for families seeking multiple bathrooms or secure parking. The converted front lounge as a fourth bedroom could be seen as flexible or less formal depending on buyer preference. The bore water and reticulated gardens are an advantage for those valuing low-maintenance landscaping. These factors should be weighed when forming a view on price relative to comparable properties.
Detailed Independent Property Report prepared by PropCred Analyst team for 2 Lydia Place, Greenfields WA 6210
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Greenfields is a well-established residential suburb experiencing strong buyer demand, with houses selling significantly faster than the broader Mandurah region. This momentum is driven by owner-occupiers, evidenced by a high proportion of mortgaged properties, seeking value in its diverse community pockets. The market demonstrates robust capital appreciation, particularly for houses, supported by tight rental conditions and rising yields. Future growth is underpinned by this sustained demand, though the minimal unit sales volume indicates a market preference for houses, which presents a supply constraint for that segment.
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PropCred Estimated Value
Bedrooms
4
Bathroom
1
Parking
1
Land
753m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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