3/11 Brooks Avenue, Waroona WA 6215

3/11 Brooks Avenue, Waroona WA 6215
2×1 unit with private yard | Heritage-area character | Low-maintenance with alfresco | Tight regional demand pool | Compact layout for downsizers The combination of two bedrooms, one bathroom, and a private rear yard with alfresco is considered rare for a unit of this scale. The heritage-listed setting is understood to add an established-town character absent from many newer builds. This low-maintenance format is seen to fit comfortably within Waroona’s house-dominated market, offering a more compact alternative with genuine outdoor space. The property is best suited to downsizers and first-home buyers who want proximity to amenities without the upkeep of a standalone house. The heritage area designation may impose limits on external alterations, which could affect the future flexibility of the home. The unit’s smaller land component and the regional nature of the town might narrow the purchaser pool, potentially impacting how quickly it sells when compared with larger properties. The private yard and storage are positive attributes, but their contribution to value may be influenced by how buyers perceive strata-style ownership. Rental demand appears consistent, though the return is likely to be moderate at the expected price point. >> Comparable Sales: 14A Thatcher Street (2×1) – $385k; 68 Fouracre Street (duplex) – $520k | Property Price Band: $400k–$500k | Value Drivers: private rear yard, heritage-area setting, low-maintenance layout
Detailed Independent Property Report prepared  by PropCred Analyst team for 3/11 Brooks Avenue, Waroona WA 6215
Checks found:
Value Risk ! 1
Liquidity Risk ! 1
Planning Risk ✓
Income Risk ✕ 2
Execution Risk ✕ 2
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Market Insight

Waroona, a small Peel-region town, is emerging as a high-growth house market. Median prices range from $520,000 to $612,500, with annual growth of 21.8%–28.6%. Demand is driven by owner-occupiers and investors, the latter drawn to gross rental yields of 4.72% for houses and 5.21% for units; weekly rents are $550–$575 for houses and $400 for units. Trading is tight-66–81 houses and 7 units sold in the past year-while houses average 13–18 days on market. With supply this thin, further price gains are plausible, but rapid appreciation leaves the market exposed to rate sensitivity and affordability constraints.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

1624m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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