24 Reynolds Road, Forrestfield WA 6058
24 Reynolds Road, Forrestfield WA 6058
Renovated 3×2 family house | 622m² low-care block | huge workshop | side access | practical floorplan
The renovated presentation of this house is considered its strongest competitive advantage, with a quality finish throughout and a low-maintenance 622m² block that is suited to buyers wanting no fuss. A substantial workshop and generous parking capacity are thought to be rare in this part of the suburb, which provides a practical edge over standard family stock. The layout is configured for owner-occupier utility, not compact living, and side access is provided for boats, trailers, or extra vehicles. For a family needing space to work, store, and park, modern comfort and everyday function are combined in a genuinely appealing way. The mid-1990s construction, fully refreshed, is seen as a solid base without the premium of a new build.
The inconsistency between recorded floor sizes may be perceived as a valuation concern, and verification of workshop and parking approvals is advised. The hardstand-heavy land might be appreciated by tradespeople but could be viewed less favourably by garden seekers. Ongoing maintenance of the 1994 frame and roof may be considered relevant in the medium term, though the renovation likely mitigated major issues. How different buyer groups frame the property’s price might be influenced by these considerations.
Detailed Independent Property Report prepared by PropCred Analyst team for 24 Reynolds Road, Forrestfield WA 6058
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Forrestfield, in Perth’s eastern suburbs, is a tight house market with strong momentum: median house prices span $720,500 to $795,000, annual growth near 12%, and homes sell in roughly 11–12 days. Demand centres on middle-income, trade-qualified households, most carrying mortgages, and is reinforced by solid sales volume of 266 houses annually. Houses deliver a 4.78% gross rental yield and $680 weekly rent. Units underperform, with yields near 5.2–5.4% but flat or negative price growth and very thin turnover. Transport links and family-oriented schooling support future interest, while affordability pressures and rate sensitivity remain constraints.
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PropCred Estimated Value
Comparable Sales: 4 The Retreat, a renovated 4-bed family home on 743m², sold for $860,000 | Property Price Band: $850K to $950K | Value Drivers: renovated condition, workshop and side access, low-care block
Bedrooms
3
Bathroom
1
Parking
-
Land
1333m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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