21 Parmelia Close, Ellenbrook WA 6069
21 Parmelia Close, Ellenbrook WA 6069
Ellenbrook entry | small-lot family stock | limited comparable sales | value hinges on unlisted features
This property presents a standard configuration for the suburb, aligning with the prevalent stock of three-bedroom homes on compact lots. Its competitive position is entirely defined by unlisted attributesbuilding age, condition, and aspectwhich must be verified to assess its standing against nearby benchmarks. It serves buyers seeking established neighbourhood amenity at a lower entry point than larger-block alternatives in the area, but offers no inherent rarity or standout features based on available data.
The primary risk is valuation opacity due to absent sales history and undisclosed property state, potentially costing the buyer in overcapitalisation or unexpected renovation outlay. The opportunity lies in securing a functional home in a developed area if due diligence confirms above-average finishes or land utility. Acquire only if inspection reveals superior internal condition or layout efficiency not reflected in the basic summary; otherwise, priced equivalents with full transparency offer a more secure position.
Comparable sales data is extremely limited, with only one relevant transaction:
* **21 Larrawa Circle (4 bed, 2 bath, 155m² building):** Sold March 2016 from $695,000.
This eight-year-old sale provides a weak benchmark, indicating long-term price growth in the area but offering no direct guidance for current valuation. It underscores the necessity of a contemporary, independent appraisal to anchor any offer.
Detailed Independent Property Report prepared by PropCred Analyst team for 21 Parmelia Close, Ellenbrook WA 6069
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Ellenbrook is a developing suburb with robust sales activity and properties moving quickly, indicating strong demand. This demand is driven by a high proportion of mortgaged owners, suggesting a market of aspirational buyers. Recent price trends show significant growth in both house and unit values, supported by tight rental conditions with a low vacancy rate and solid yields. Future growth is underpinned by ongoing infrastructure projects, while the market’s sensitivity to interest rates, given the high mortgage ownership, presents a key constraint.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
391m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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