25 Bromley Road, Wellard WA 6170

Bushfire overlay | 300sqm land | 9 days on market | 4.8% rental yield The bushfire overlay introduces a specific cost: higher insurance premiums and potential lender scrutiny, which can slow resale and compress your buyer pool. The 300sqm land with 49% building coverage limits extension upside but locks in low-maintenance living. The $705pw rental estimate and 4.8% gross yield are competitive for Wellard, but the property’s recent sale at $557k in early 2024 suggests material capital growth since then, yet the current list period of nine days signals market testing rather than firm demand. This holds best as a turnkey home for a family or a conservative hold for rental income, not a landbank play. What is genuinely rare here is a four-bedroom house built in 2021 with FTTP, solar panels, and near-zero deferred maintenance in a suburb where 95% of Bromley Road properties are owner-occupied. That resident stability reduces vacancy risk and supports steady rental demand. The catchment for Wellard Primary School and proximity to Gilmore College give it a clear family buyer profile, and the 2020 land price of $148k versus today’s build cost shows construction value has already been crystallised. This suits a buyer who wants a five-year hold on a low-maintenance property with good income, not a flipper or speculator. Property value estimates sit between $670k and $890k, with the January 2024 sale of $557k representing a floor. The $877k to $895k range from the second source is aggressive given only nine days on market, but the midpoints around $780k align with the suburb median, making the current expectation plausible if demand holds. You should verify sale terms and condition for the 2024 transaction to understand if that price reflects market or motive, then move quickly to inspection and offers with your figure grounded in $780k.