29 Manich Drive, Martin WA 6110
29 Manich Drive, Martin WA 6110
Larger-lot detached house | family-occupied pocket | premium-priced market | land-driven value | semi-rural edge
A land-led opportunity is presented by this property, with a detached house set on a larger lot in Martin’s low-density residential core. The combination is strongly supported by the suburb’s family-oriented, owner-occupied character, where stable demand is maintained by buyers seeking space and privacy. This house is therefore well matched to a family buyer who intends to live in the property long term, or to someone who places more weight on land and outdoor room than on compact convenience. Quick absorption of well-presented houses in this part of the suburb has been observed, so good presentation is likely to translate into stronger buyer interest. A strong fit with the local housing mix is provided by this configuration.
Value may be influenced by the condition of the building and the quality of any recent updating, as larger-lot houses in this market are often judged on how much immediate work they require. The orientation and usable shape of the land might also be judged material, because a flat, easily fenced parcel typically commands more than a sloped or irregular one. Final sale price is likely to be shaped by presentation, the standard of the kitchen and bathrooms, and how effectively the internal layout uses the available space. These factors are best weighed during an inspection.
Detailed Independent Property Report prepared by PropCred Analyst team for 29 Manich Drive, Martin WA 6110
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Martin, a rural-residential suburb 25km from Perth’s CBD, has a thin market: 33 house sales in the past year and zero rental listings last month. Houses average 20 days on market, with median price $880,000 after 20.55% annual growth. Gross yields are 4.76% for houses, 5.67% for units. Demand skews to owner-occupiers—62% hold mortgages—and most incomes sit between $78k and $130k. The area’s orchard-and-quarry heritage and Catholic secondary school add local appeal. Growth constraints include limited supply (nothing for sale or rent last month), a small population of 1,854, and rate sensitivity from leveraged buyers. Future prospects hinge on infrastructure and housing supply, but the historical pattern of mild population fluctuation suggests modest, cyclical demand.
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PropCred Estimated Value
Comparable Sales: A four-bedroom house on 900 sqm sold at $780,000; a three-bedroom house on a similar lot sold at $745,000 | Property Price Band: $700,000–$800,000 | Value Drivers: land size, presentation, layout freshness
Bedrooms
4
Bathroom
2
Parking
2
Land
434m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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