20 Monolith Way Wellard WA 6170

20 Monolith Way Wellard WA 6170
4 beds, 2 baths, 2022 build | 446mยฒ lot, 60% site coverage | Bushfire overlay present | Wellard Primary & Gilmore College zone The propertyโ€™s competitive strength lies in its recent construction and high site coverage, which together offer a modern, low-maintenance floor plan on a manageable lot. For a buyer seeking a turnkey family home in a growth corridor, the 2022 build eliminates immediate capital expenditure on upgrades, while the 266mยฒ building footprint provides generous internal space without the upkeep of a larger block. The neutral palette and private front lounge position it well for families or investors targeting the established school catchment of Wellard Primary and Gilmore College, where demand is steady. The bushfire overlay introduces a specific risk: it may constrain future extensions and could affect insurance premiums, though it does not impact current livability. The absence of flood or heritage overlays is a clear advantage. Comparatively, nearby properties on similar lots command higher estimates, suggesting this listing is priced with a margin for negotiation. The 5m roof height and 15m elevation offer passive thermal benefits and reduce flooding risk, adding subtle long-term value. For a buyer, this property suits a hold strategyโ€”secure it below the estimated value range, and the combination of modern build, school zoning, and rental yield potential of $740 per week supports either owner-occupation or a stable investment hold.

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

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Market Insight:

Wellard is a high-growth southern corridor suburb attracting young families and first-home buyers with its relative affordability and established commuter rail link. Strong demand from this demographic, alongside investor interest in a tight rental market, has driven robust house price appreciation. Recent sales activity remains brisk, reflecting sustained market momentum. Future growth is underpinned by ongoing population expansion from new estates and proximity to southern employment hubs, though affordability constraints and the potential for increased development supply present moderating influences.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

446mยฒ

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