24 Hermione Way, Coolbellup WA 6163
24 Hermione Way, Coolbellup WA 6163
3-1-2 on 728m² R30 block | rear access plus workshop | saltwater pool and deck | subdividable potential | value-add buy
The property is positioned as one of the more land-heavy offerings in its street, with a 728m² block that is zoned R30 and served by rear access. Its practical appeal is extended by the workshop and boat or caravan parking, which are rarely combined in this suburb. A modern kitchen and ducted evaporative cooling are included, while the outdoor space is defined by a saltwater pool and timber deck. This combination is best suited to a buyer seeking a comfortable single-level house with genuine scope to add value or pursue a future subdivision, subject to approvals. It sits at the stronger end of the local detached-house spectrum, where smaller infill lots are more common.
The final sale price may be shaped by how the R30 subdivision potential is perceived, as that could attract both owner-occupiers and land-bank buyers. The condition of the pool and workshop might also be weighed, as older installations could require near-term spending. The single-bathroom layout may limit appeal to some families, while the large block and rear access might offset that concern. These factors should be balanced against the property’s solid overall presentation and convenient location.
Detailed Independent Property Report prepared by PropCred Analyst team for 24 Hermione Way, Coolbellup WA 6163
Checks found:
Value Risk
!
1
Liquidity Risk
✕
2
Planning Risk
✓
Income Risk
✓
Execution Risk
!
1
Market Insight
Coolbellup, 15km south of Perth CBD in Cockburn, is positioned near Fremantle and Murdoch University. Demand is driven by families and professionals, primarily aged 30-39, with a high share of couples with children and a well-educated workforce. House prices have grown strongly, though medians vary by source from $805,000 to $895,723, with annual growth between 9.3% and 15.83%. The market is tight: houses sell in 10-15 days, with 109-124 sales annually. Units show a contrasting picture, with medians around $525,000-$543,608, yields of 5.4%-5.6%, but growth ranging from -2.8% to 8.1%. Future demand is supported by infrastructure and parkland, but supply outweighs demand, limiting organic capital growth; sellers need to be realistic.
PropCred Estimated Value
Comparable Sales: 4B Hermione Way, Coolbellup sold $900,000 | Property Price Band: $1.0M–$1.1M | Value Drivers: R30 land size, rear access and workshop, pool and presentation
Bedrooms
3
Bathroom
1
Parking
1
Land
728m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst