24 Emerald Place, Mount Richon WA 6112
24 Emerald Place, Mount Richon WA 6112
5-bed 3-bath single-level | 1362sqm cul-de-sac block | prime renovator opportunity | rare inner-suburb landholding
A property of this scale is uncommon within the suburb, offering over 1360 square metres of land in a quiet cul-de-sac position. The generous floorplan with five bedrooms and three bathrooms provides genuine flexibility for multi-generational living or those who work from home. Because the house is single-storey and was built in the early 1980s, it presents a clear opportunity for a buyer who wants to create significant value through renovation or redevelopment while holding land that is increasingly difficult to find at this size in a low-density residential setting. This property suits a renovation-focused buyer or a family looking for space and privacy rather than turnkey convenience.
The age and original condition of the house may mean that the cost to bring it to a modern standard is substantial, which should be weighed carefully against comparable finished homes in the area. The land itself holds most of the value here, and any future subdivision potential is subject to council approval and current zoning policies. Market timing and the availability of renovation finance might also influence how quickly this property can be turned into a high-end family home. These factors are worth discussing with a builder and a local council planner before forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 24 Emerald Place, Mount Richon WA 6112
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Mount Richon offers a highly accessible lifestyle defined by modern family infrastructure, expanding retail hubs, and extensive parklands, making it a magnet for first-home buyers and growing families seeking space and value. This strong demographic demand has driven consistent, volume-led price growth over the past year, cementing its appeal for both owner-occupiers and long-term investors. While the suburb provides excellent community amenities, buyers should watch out for the ongoing pipeline of new land releases nearby, which can occasionally moderate rapid short-term capital gains.
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PropCred Estimated Value
Bedrooms
5
Bathroom
3
Parking
2
Land
1363m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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