21A Ringmer Way, Westminster WA 6061
21A Ringmer Way, Westminster WA 6061
3-bedroom house with 155sqm on 228sqm lot | 5G coverage and school proximity | 80% owner-occupied street | Westminster market with 96 annual sales.
This property offers a rare combination of generous internal space and a compact, low-maintenance lot, making it competitively positioned for families or investors seeking a strong rental yield. The 68% site coverage and 5m roof height indicate solid build quality and usable volume, while the 80% owner-occupied street signals stable neighbourhood demand. Its location within walking distance to Westminster Primary School and a short drive to Dianella Secondary College adds enduring appeal for family buyers, and the 5G coverage is a practical modern advantage.
The primary risk is the estimated value of $876,000 exceeding the current listing range, suggesting possible overpricing or a need for negotiation. The adjacent villa on an identical lot may create future development constraints or privacy concerns. Rental potential at $765 per week offers a reasonable 4.8% gross yield, but the 0% auction clearance in Westminster indicates a cautious buyer pool. Hold for medium-term capital growth driven by school catchment demand, or use as a rental income property with stable occupancy prospects.
Detailed Independent Property Report prepared by PropCred Analyst team for 21A Ringmer Way, Westminster WA 6061
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Westminster presents a compelling, high-demand residential market characterised by exceptionally strong price growth and rapid sales turnover. The suburb’s robust performance is driven by sustained buyer activity, evidenced by high sales volumes and properties transacting swiftly. This dynamic market reflects significant underlying demand, likely supported by its established location, with future prospects tied to continued buyer competition. Key considerations include monitoring affordability thresholds as prices appreciate.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
228m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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