22 Garrett Corner Parmelia WA 6167

22 Garrett Corner Parmelia WA 6167
5-bed house on 700mΒ² elevated block | 1995 build with solar | North Parmelia Primary catchment | No overlays This property presents a competitively large family home on a substantial, elevated lot without development constraints, a relative rarity in its established suburb. The five-bedroom configuration on a single level serves a buyer seeking space and stability, further supported by reliable school catchments and modern additions like solar panels. Its position avoids common locality risks like bushfire or flood, reducing holding costs and broadening its long-term appeal. Proceed with a disciplined valuation approach due to conflicting data on building size and estimated value, which introduces pricing risk. Secure a precise measured survey to resolve the area discrepancy, as it materially impacts value. This house is best held as a long-term family home; its rental yield estimates suggest it could service debt if needed. For this property, a Propcred report would pressure-test its real market valuation and provide the definitive locality risk and insurance profile needed to transact with certainty.

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

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Market Insight:

Parmelia presents as an affordable entry point within its region, attracting a younger demographic of predominantly working households. Demand is driven by strong sales activity and rapid turnover, reflecting a competitive market for houses. Recent price growth has been robust, supported by solid rental increases. Future momentum hinges on sustained demand for its established housing stock, though the market’s narrow focus on houses and slower turnover compared to adjacent suburbs presents a key constraint on liquidity and breadth.
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PropCred Estimated Value

Bedrooms

5

Bathroom

2

Parking

-

Land

700mΒ²

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