22 Tanami Circle, Ellenbrook WA 6069

22 Tanami Circle, Ellenbrook WA 6069
1997 build | 336mΒ² corner block | 3 bed, 1 bath + ensuite | ducted cooling | opposite park This property presents a competitively strong offering for an owner-occupier seeking a low-maintenance, established home in a family-centric location. Its position directly opposite a park provides immediate amenity and a perceived scarcity value not replicable in newer estates. The combination of ducted cooling, a double carport, and a well-sized block with only 36% building coverage offers practical, cost-efficient living. It serves first-home buyers or downsizers most effectively, given its neat condition and single living area format. The decision hinges on its dated layout and single bathroom servicing two secondary bedrooms, a functional risk that will constrain resale appeal to a segment of the market. The price must reflect this compromise. The opportunity lies in the land component and its rental viability; hold as a long-term investment with stable yield. For a precise real market valuation, locality risk assessment, and insurance benchmarking, a tailored property report is required. Comparable data indicates 53 properties on this street with a median price around $700,000. This listing’s ask of $745,000 sits above that median, demanding a premium justified by its park-front position and recent updates.

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

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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

1

Parking

2

Land

336mΒ²

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