2 Plavin Street, Piara Waters WA 6112
2 Plavin Street, Piara Waters WA 6112
5-bed modern family home | 2018 build with solar | prime school catchments | low-maintenance living
This property presents a competitively strong offering for a growing family, combining a recent build with a functional five-bedroom, dual-living area layout in a high-demand school corridor. Its modern finishes, solar installation, and superior bedroom count versus typical local stock create immediate utility and resale appeal, squarely targeting owner-occupiers seeking a turnkey solution in a developed neighbourhood. The low-maintenance yard and alfresco align with contemporary preferences, reducing weekend burdens for professionals.
Decision hinges on the price premium for its 2018 construction versus older stock, given the detected bushfire overlay imposes ongoing compliance costs. The expression of interest campaign suggests testing for a premium above recent sales. Secure it at a disciplined price point for a long-term family hold, leveraging its rental resilience from school catchments, but avoid overpaying for the ‘newness’ in a suburb where land value remains the core driver.
Recent comparable sales provide essential context:
– 19 Plavin Street (4b/2b/2c): Sold $870,000 in August 2024. Originally purchased for $290,000 in 2015.
– 9 Sackler Link (4b/2b): Listed at $999,000, indicating the upper range for four-bedroom homes.
This data indicates that this five-bedroom home, being newer and larger, should command a significant premium over the August sale on the same street. The listed price on Sackler Link suggests the local market can support values near $1 million for quality four-bedroom homes, strengthening the case for this property’s estimated value if the configuration and condition are superior.
Detailed Independent Property Report prepared by PropCred Analyst team for 2 Plavin Street, Piara Waters WA 6112
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Piara Waters is a high-demand suburb characterised by rapid turnover and strong price appreciation, driven by its appeal to affluent families. This demand is supported by robust sales activity and a consistently tight supply of listings. While the market demonstrates significant momentum, its high price point relative to local rents presents an affordability consideration for future growth.
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PropCred Estimated Value
Bedrooms
5
Bathroom
2
Parking
2
Land
543m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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