2 Norfolk Drive, Southern River WA 6110
2 Norfolk Drive, Southern River WA 6110
Detached house on 375m² lot | Family-oriented Southern River pocket | Single-level layout likely | Strong rental demand | Flood and heritage overlays flagged nearby
This property sits squarely in Southern River’s mainstream family-housing market, where detached homes on moderate lots are the norm and buyer interest leans heavily toward owner-occupiers seeking room to grow. The 375m² footprint is typical for the newer estates in this part of Gosnells, and the configuration—likely three to four bedrooms with a double garage—matches what local families are actively looking for. What gives it an edge is the combination of a practical lot size, access to Yarralinka Primary School and Southern River College, and the suburb’s ongoing development momentum, which keeps demand steady. It is best suited to a first-home buyer or young family wanting a contemporary house in a growing area without paying a premium for excess land.
The flood and heritage overlays recorded for the immediate street are worth examining closely, as they may shape what can be done with the property over time or affect insurance costs. The build age and internal finish are not yet clear, so the condition of the house will likely carry more weight than the land itself when forming a price view. Rental estimates for similar homes in the street sit around $860 per week, which points to solid investor interest, but the property’s ultimate value may hinge on how the overlays interact with its specific position and whether the layout meets modern family expectations.
|| Comparable Sales: 4 Norfolk Drive sold for $979k in 2023; 17 Norfolk Drive land sold for $253k, later valued higher | Property Price Band: $850K–$950K | Value Drivers: land size, condition of the dwelling, and proximity to school catchments
Detailed Independent Property Report prepared by PropCred Analyst team for 2 Norfolk Drive, Southern River WA 6110
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Southern River, in Greater Perth, is a family-oriented suburb where 65% of households are couples with children and 62% of residents are purchasers. Demand is led by professionals, technicians and trades workers, and clerical staff. The median house price is $971,000, up 13.6% over the past year, with houses selling in 20 to 50 days—a fast turnover indicating consistent market activity. Gross rental yields sit at 4.1% to 4.7%, and weekly median house rent is $750. Annual sales volume ranges from 122 to 238 houses, showing solid liquidity. Future growth rests on an active local market evidenced by 10 properties for sale and 22 for rent in the last month. Key risks include a high 75% mortgage-holding rate, creating rate sensitivity, and a wide price distribution from $100,000 to $2.5 million, which adds uncertainty.
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PropCred Estimated Value
Comparable Sales: 4 Norfolk Drive sold for $979k in 2023; 17 Norfolk Drive land sold for $253k, later valued higher | Property Price Band: $850K–$950K | Value Drivers: land size, condition of the dwelling, and proximity to school catchments
Bedrooms
6
Bathroom
3
Parking
-
Land
608m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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