2 Rambutan Place, South Lake WA 6164

2 Rambutan Place, South Lake WA 6164
825mยฒ block | 360mยฒ home | 4 bedrooms, 2 bathrooms | established South Lake pocket with 90% owner-occupiers The property presents a rare configuration in this part of South Lake: a genuinely large 825mยฒ parcel with a 360mยฒ single-storey build, giving the buyer both substantial internal space and meaningful land. The 90% owner-occupier street profile and 74% long-term resident suburb data signal low turnover and stable demand, which supports capital preservation. For a family seeking a home that can accommodate multigenerational living or a home-office layout, the four-car provision and generous floorplan remove the need for immediate reconfiguration. The property sits within the Lakeland Senior High School intake, which adds a practical layer of buyer appeal for those with secondary-aged children. The primary risk is the identified bushfire overlay, which may affect insurance premiums and could narrow the buyer pool at resale, particularly if lending criteria tighten on such properties. The 1991 build date means the buyer should budget for potential updates to kitchen and bathroom finishes within five years, though the structural footprint is sound. There is an opportunity to add value through landscape improvement or a modest rear extension, given the lot depth and 44% building coverage. The rental estimate of $835 per week provides a credible holding cost offset if the buyer intends to occupy later or transition to an investment hold. For a buyer wanting a solid family home with land depth and stable neighbours, this property is a straightforward hold with low execution risk.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

South Lake presents as a family-oriented suburb with strong recent momentum, driven by young households seeking relative affordability within Greater Perth. This demographic demand has fuelled exceptionally robust house price growth, with a notably fast-moving sales market indicating sustained buyer competition. Future performance is underpinned by this established family appeal, though a high rate of mortgaged ownership suggests sensitivity to broader economic conditions affecting affordability.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

4

Land

825mยฒ

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