24 Farmaner Parkway Ellenbrook WA 6069
24 Farmaner Parkway Ellenbrook WA 6069
Corner block | 608m² lot | 4 bed 2 bath | Original slate floors | Proximity to primary school
This property presents a competitively strong family home on a spacious corner block, a configuration that offers greater outdoor space and potential over standard lots in Ellenbrook. Its multiple living areas, master suite with walk-in robes, and under-main-roof alfresco cater specifically to established families seeking space and convenience near quality schools. The original slate flooring and manicured gardens signal a house with character and low-maintenance appeal.
The primary decision hinges on the significant price appreciation since its 2021 sale, demanding rigorous due diligence to validate the current asking range. The lack of recent comparable sales transparency on the street is a material risk, potentially obscuring true market momentum. Proceed with an offer strategy anchored by an independent valuation and building inspection, targeting a hold period that leverages the family-friendly location. Our analysis would pressure-test this price against verified sales and provide clear locality risk assessments for insurance and long-term value.
Recent sales context on Farmaner Parkway is limited, with a directly comparable property at number 22 recently sold, but the sale price remains undisclosed. The subject property’s own sale history shows a purchase at $450,000 in January 2021. This sparse data underscores the necessity of obtaining professional valuation to establish a credible offer in the current market.
Detailed Independent Property Report prepared by PropCred Analyst team for 24 Farmaner Parkway Ellenbrook WA 6069
Checks found:
Value Risk
✓
Liquidity Risk
✕
2
Planning Risk
!
1
Income Risk
✕
2
Execution Risk
✕
2
Insight: 24 Farmaner Parkway Ellenbrook WA 6069
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.
PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
608m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst