213 Elderberry Drive, South Lake WA 6164
213 Elderberry Drive, South Lake WA 6164
Large family home | 760sqm block | 6-car parking | South Lake Perth | Flexible accommodation
The buying case for this property rests on an unusual configuration: a five-bedroom house with six dedicated car spaces on a 760-square-metre lot, a combination rarely found in South Lakeโs established residential corridor. This is not a standard family home; it is a property designed for households that need both accommodation and substantial vehicle or equipment storage-tradespeople, boat or caravan owners, or multigenerational families. The generous land size provides immediate potential for outdoor entertaining, a shed, or future subdivision subject to council approval, giving the buyer positional optionality that most nearby listings lack. It serves best those who prioritise space and flexibility over a turnkey finish.
The principal risk is data inconsistency: one source records only one bathroom and two car spaces, which may reflect an outdated floorplan or a prior configuration. This needs physical verification-the buyer should confirm the current layout, approvals, and whether the six-car capacity is garaged or hardstand. Opportunity lies in the landโs subdivision potential or the addition of a secondary dwelling, provided zoning allows. A buyer acquiring at a reasonable price holds a property that can be used as a high-capacity family home, modified for income, or land-banked for future capital growth.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 213 Elderberry Drive, South Lake WA 6164
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.