24 Portland Street, Nedlands WA 6009

24 Portland Street, Nedlands WA 6009
3 bed | 1 bath | 905sqm block | Nedlands | development angle | near Hollywood Primary The property’s primary advantage is its 905sqm block in a tightly held Nedlands pocket, where such land is scarce. At just 10% building coverage, the existing 91sqm house is effectively a placeholder for future redevelopment or a substantial renovation. The location near Hollywood Primary and Shenton College adds strong family demand, while the floorboards, deck, and open fireplace give the current house genuine character for a hold strategy. This suits a buyer who values land banking or a phased rebuild in a premium school catchment. The main risk is the single bathroom and toilet, which limits immediate family appeal and rental yield—the rental estimates of $665–$725 per week are modest for the price point. The lack of heritage overlays is a positive, but the property’s 1940s bones may require structural upgrades. The buyer should budget for a full services overhaul if renovating. The street’s 80% owner-occupancy and recent sales around $2.25m–$2.55m confirm steady long-term growth. Hold for land appreciation, or develop when zoning permits.
Detailed Independent Property Report prepared  by PropCred Analyst team for 24 Portland Street, Nedlands WA 6009
Checks found:
Value Risk 2
Liquidity Risk 2
Planning Risk
Income Risk
Execution Risk ! 1
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Market Insight

Nedlands is a premier, high-value suburb defined by its affluent professional demographic and proximity to key universities, hospitals, and the CBD, which are central demand drivers. The market exhibits exceptionally strong capital growth and rapid sales, reflecting intense competition in a supply-constrained environment. Future growth is underpinned by its enduring lifestyle appeal and limited stock, though its premium pricing introduces sensitivity to economic shifts and constrains broader affordability.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

3

Land

905m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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