23 Chivalry Way, Thornlie WA 6108
23 Chivalry Way, Thornlie WA 6108
4 bed family house | 680m² block | Castle Glen pocket | established 1980s build | strong rental appeal
This is a solid, family-oriented house in a pocket of Thornlie where the streets are defined by large blocks and practical, single-storey layouts. The 680m² land size is the real draw here—it gives you room for a shed, a decent backyard, and possibly future additions without the density you find in newer estates. The four-bedroom, two-bathroom configuration with two car spaces fits what most buyers in this area are looking for, and the house sits in a suburb that’s well-served by schools, transport, and everyday amenities. It’s best suited to a family wanting space to grow into, or an investor after a property with consistent tenant demand—the rental estimate of around $860 per week on similar houses in the street suggests the yield holds up well.
The age of the build, likely mid-1980s, means the condition of the interior and any renovations will matter more than the layout itself. If the kitchen, bathrooms, or flooring have been updated, that could push the value toward the higher end of expectations; if not, you might need to budget for those upgrades. The lack of any flood, bushfire, or heritage overlays is a positive, but the older stock may come with maintenance costs that a newer property wouldn’t. Parking and drive-through access, common on this street, could also influence how much you’re willing to pay—those are practical features that add everyday convenience.
|| Comparable Sales: 16 Chivalry Way sold for $850,000 in 2021; 25 Chivalry Way estimated around $984,000 | Property Price Band: $1.0M–$1.1M | Value Drivers: land size, condition of upgrades, drive-through access potential
Detailed Independent Property Report prepared by PropCred Analyst team for 23 Chivalry Way, Thornlie WA 6108
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
URL has been copied successfully!
Market Insight
Thornlie, in Perth’s south-east, is an established suburb with arterial roads, bus services, nearby train links and average-to-above-average public schools. Families, first-home buyers and upsizers drive demand; investors are drawn by rental returns. House price growth is strong: medians range from $705,000 (REIWA) to $780,500 (property.com.au), with annual growth of 10.4–11.1%. Units are thinner, with a $505,000 median and 44.3% growth on only four sales. Houses sell in 8–11 days; rents are rising 3–5%, and gross yields of 5.0% for houses and 6.17% for units support investor interest. Future growth is supported by sustained demand and access to transport; risks include affordability pressures up to $850,000, rate sensitivity and constrained unit supply.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 16 Chivalry Way sold for $850,000 in 2021; 25 Chivalry Way estimated around $984,000 | Property Price Band: $1.0M–$1.1M | Value Drivers: land size, condition of upgrades, drive-through access potential
Bedrooms
4
Bathroom
2
Parking
4
Land
680m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!