28 Chatham Road, Woodbridge WA 6056
28 Chatham Road, Woodbridge WA 6056
Renovated character home | 632m² elevated land | Prime school catchments | Recent renovation refresh
This property presents a competitively strong proposition as a renovated 1940s character home on a substantial 632m² block in a tightly held location. Its elevated position and proximity to three schools, including two government options within 400 metres, create a durable demand profile from families and long-term owner-occupiers. The recent update modernises the offering while the land size provides a tangible scarcity premium in the suburb context. This house serves buyers seeking a character-infused family home with minimal commute to schools and the potential for future outdoor amenity.
The decision hinges on reconciling the premium for land and location against the compact 63m² internal floor plan, which demands verification of renovation quality and final bathroom count. The 0% auction clearance rate in Woodbridge signals a buyer’s market, offering negotiation leverage. Acquire as a long-term hold to capitalise on land value and catchment demand, not for short-term gain. A Propcred report would pressure-test the current asking price against recent Chatham Road sales and identify locality-specific risks for insurance.
* Recent Woodbridge median sales data is noted at approximately $630,000.
* 44 properties on Chatham Road have available sales histories and estimated values for direct comparison.
This comparable data suggests the subject property’s value will be heavily influenced by its larger-than-typical land component and renovation finish, likely positioning it above the median benchmark.
Detailed Independent Property Report prepared by PropCred Analyst team for 28 Chatham Road, Woodbridge WA 6056
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Woodbridge presents as a tightly held, high-demand suburb with a professional demographic, evidenced by strong owner-occupancy and a mature resident profile. Demand is driven by established buyers seeking stability, reflected in rapid sales and significant annual price appreciation. The market is characterised by very low stock levels and competitive conditions, leading to compressed selling periods. Future growth is supported by this persistent supply constraint, though the suburb’s established nature and high owner-occupancy may limit turnover and new development opportunities.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
637m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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