26 Gossan Chase, Piara Waters WA 6112
26 Gossan Chase, Piara Waters WA 6112
3-bed house on 279m² lot | Piara Waters | Bushfire & flood overlays | Near Catholic & state schools
This house presents a straightforward purchase for an owner-occupier or investor seeking entry into a modern suburb with established school catchments. Its competitive strength lies in its efficient land size and configuration, which aligns with typical demand for three-bedroom family homes in the area. The property is best suited for a buyer prioritizing proximity to Aspiri Primary and St John Bosco College over larger lot size, as the 279m² parcel is functional but not expansive.
Decision hinges on overlays and price relativity. The bushfire and flood overlays introduce potential insurance premiums and future sale complexity, a direct cost. The asking price sits at a marginal discount to the estimated value, suggesting a negotiable position. Given the estimated rental yield, it can service debt for a hold period, but capital growth will be constrained by the lot size and overlays compared to larger, unaffected blocks in the precinct. Proceed with a disciplined offer contingent on overlay due diligence.
Recent sales context is limited, but a current comparable listing at 7 Paspalum Street (4b2b2p on 556m²) highlights this property’s positioning in a lower land-size tier. This confirms 26 Gossan Chase as a more compact, likely entry-point option within the suburb’s stock.
Detailed Independent Property Report prepared by PropCred Analyst team for 26 Gossan Chase, Piara Waters WA 6112
Market Insight:
Piara Waters is a high-demand suburb characterised by rapid turnover and strong price appreciation, driven by its appeal to affluent families. This demand is supported by robust sales activity and a consistently tight supply of listings. While the market demonstrates significant momentum, its high price point relative to local rents presents an affordability consideration for future growth.