28 Macao Road, High Wycombe WA 6057
28 Macao Road, High Wycombe WA 6057
903 m² regular R25 | workshop plus side access | leased at $580/wk to 2027 | 3×1 house as land-led hold | investor and developer angle
Strength is carried by the land. A regular 903 m² allotment with R25 zoning is rarely found in this pocket of High Wycombe, allowing a choice between holding, renovating, and future subdivision, subject to council approval. A substantial brick garage and workshop with excellent side access is provided, making it practical for vehicle, trade, or storage needs. Holding income is secured by a lease at $580 per week to March 2027, so investors or land-bank buyers acquire with income in place. Owner-occupiers prepared to wait out the tenancy may also be served, especially those wanting a larger block and utility over polish. Best suited to buyers who value the site rather than the current house.
Value may be shaped most by the R25 zoning. If subdivision is pursued, the land may be valued differently than as a single-household block. The dated 3×1 layout may limit owner-occupier appeal until improvements, and the lease may constrain immediate occupation. A cautious buyer might discount for unknown internal condition; the rent may be stable income or a reset opportunity.
Detailed Independent Property Report prepared by PropCred Analyst team for 28 Macao Road, High Wycombe WA 6057
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
High Wycombe WA 6057 is a tightly held house market: the median sits at $725,000 with annual growth of 14.0–14.4%, though one source places it at $795,000 across 190 sales. Houses are transacting in 8–10 days, signalling strong demand from trade workers on mid-to-high incomes plus investors chasing a 4.4% gross rental yield and weekly rents of $650 for three-bedroom and $750 for four-bedroom homes. Sales volumes vary from 114 to 230 over the past year, so liquidity is solid but source-dependent. The unit market is effectively untestable, with fewer than five sales, leaving houses as the only reliable entry point. Future growth drivers around infrastructure and school catchments are not yet evidenced, and the main risks are affordability pressure and rate sensitivity after such rapid price appreciation.
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PropCred Estimated Value
Comparable Sales: 58 Stirling Cres premium acreage ~$1.98M (upper-bound context) | Property Price Band: $750K-$850K | Value Drivers: land size, R25 zoning, workshop and side access
Bedrooms
3
Bathroom
1
Parking
2
Land
904m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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