24 Giles Avenue, Padbury WA 6025
24 Giles Avenue, Padbury WA 6025
4-bed family house on 695m² | 4/1/1 configuration | established Padbury street | large-block land value | renovation or redevelopment potential
This property offers a genuinely rare combination in Padbury’s current market: a substantial 695m² block paired with a modest four-bedroom, one-bathroom house. The configuration itself is the standout feature. While many newer homes in the suburb have been built to maximise internal space, this one prioritises land, which gives the next owner considerable flexibility. You could renovate and extend the existing dwelling, or hold it as a land-banking opportunity if zoning permits future subdivision. The single bathroom is the most obvious constraint, but for a buyer focused on long-term value rather than move-in perfection, that limitation is also an opportunity to add equity through a targeted renovation. This property best suits a family wanting to secure a large block in an established suburb, or an investor looking for a property with clear upside potential.
The price point sits at the upper end of what older, less-improved houses on similar-sized blocks have recently achieved in this area. That gap may be justified by the land size and street position, but it also means the property’s value is heavily tied to what you do with it. If the house is in original condition, the renovation cost needs to be factored into your overall budget. If the land has subdivision potential, that could materially change the property’s worth, but that depends on the specific zoning and council requirements. The rental return for a 4/1/1 on this size block would likely be modest compared to newer homes, so the investment case rests more on capital growth than immediate yield. Buyers should weigh the cost of bringing the house up to modern standards against the land’s long-term potential.
|| Comparable Sales: 12 Gregory Avenue sold at $1.263M; 52 Giles Avenue sold at $725K | Property Price Band: $1.2M–$1.3M | Value Drivers: land size, renovation scope, subdivision potential
Detailed Independent Property Report prepared by PropCred Analyst team for 24 Giles Avenue, Padbury WA 6025
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Padbury is a well-established family suburb with strong professional demographics, driving consistent demand for houses. The market is characterised by rapid sales and robust price growth, reflecting a competitive environment with limited stock. Future prospects are underpinned by its established residential appeal, though affordability pressures may emerge as a constraint on entry-level buyers.
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PropCred Estimated Value
Comparable Sales: 12 Gregory Avenue sold at $1.263M; 52 Giles Avenue sold at $725K | Property Price Band: $1.2M–$1.3M | Value Drivers: land size, renovation scope, subdivision potential
Bedrooms
4
Bathroom
1
Parking
1
Land
695m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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