28 Markham Way Balga WA 6061
28 Markham Way Balga WA 6061
3-bed house on 462sqm | 66% building coverage with flexible layout | 90% owner-occupied street | Warriapendi and Balga Senior High intake zone
The property’s competitive strength lies in its high building coverage and flexible floorplan, offering two additional partitioned rooms that function as a home office or fourth bedroom—rare for a 1970s house in this price bracket. Positioned on a street with 90% owner-occupiers and 43% long-term residents, the buyer gains a stable, low-turnover micro-location that supports both capital preservation and rental demand. The property suits a family seeking school catchment certainty or an investor targeting the $715 weekly rental estimate, with solar panels and air conditioning reducing holding costs.
The main risk is the 66% building coverage, which limits scope for future extension or subdivision without rezoning—this caps long-term land value uplift. The single living area and two-bathroom configuration (some sources note one) may narrow appeal to smaller households or tenants. The opportunity lies in leveraging the existing layout for dual-income tenants or a home-based business, given the FTTP NBN and 5G coverage. Hold for steady rental yield and moderate capital growth aligned with Balga’s median trajectory; avoid overcapitalising on cosmetic upgrades.
Detailed Independent Property Report prepared by PropCred Analyst team for 28 Markham Way Balga WA 6061
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Balga is an established suburb experiencing a significant demographic shift, with a growing population of young professionals and families. This influx is driving strong demand for housing, reflected in rapid sales and robust price growth. The market is characterised by high rental yields and low stock turnover, indicating sustained investor and owner-occupier interest. Future growth will be supported by its relative affordability and demographic momentum, though its trajectory remains sensitive to broader economic conditions influencing buyer sentiment.
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PropCred Estimated Value
Bedrooms
3
Bathroom
4
Parking
4
Land
462m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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