209 Lord Street, Lockridge WA 6054
209 Lord Street, Lockridge WA 6054
Ground-level house | mixed street, no strata | yield-driven demand | older 1970s build | Lockridge location
This house is placed on a mixed residential street where detached and duplex forms are seen together. The property is not rare in design but is practically configured for a single-level, no-strata living preference. Its competitive strength is derived from the balance of land and building, which is valued by buyers seeking entry-level ownership or rental income. Locally, the housing stock is characterized by an older era, and this property is positioned within that established pattern, with no surprises offered. The best match is an astute first-home buyer or an investor who is drawn to yield rather than prestige, as the area’s demand is driven by affordability and convenience.
Planning overlays may or may not be applied to this lot, so its condition is made a key factor. A larger land holding might be associated with a higher price, while an older build could require maintenance. The final value is likely to be influenced by layout adaptability and any recent updates.
Detailed Independent Property Report prepared by PropCred Analyst team for 209 Lord Street, Lockridge WA 6054
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Lockridge’s housing market is two-speed, with a shrinking population. House prices have jumped 17.7% annually to a $620,000 median, while units fell 4.25% to $416,500. Demand comes from owner-occupiers, with 61% holding mortgages, and an exceptionally tight rental market: vacancy at 0.32%, house rents at $642 weekly, yields near 4.9%. Houses sell in a median 9 days, underlining supply scarcity, with 67 sales in the year. Future gains are supported by strong rental demand and rapid turnover, but unit weakness and heavy mortgage exposure create rate sensitivity. A younger working-age profile supports first and second rung buying, while population contraction remains a constraint.
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PropCred Estimated Value
Comparable Sales: 6 Thorley Way $750K, 249A Lord Street $540K | Property Price Band: $600K-$700K | Value Drivers: condition, land size, layout
Bedrooms
4
Bathroom
1
Parking
-
Land
681m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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