32A Fitzroy Street, Queens Park WA 6107
32A Fitzroy Street, Queens Park WA 6107
Infill pocket on Fitzroy Street | likely newer build on subdivided lot | compact land with modern configuration | suited to low-maintenance buyers | investor-active suburb
This property sits within a pocket of Fitzroy Street that has clearly transitioned toward subdivided, newer-built housing. The surrounding pattern shows compact lots, rear-block development, and recent construction, which means 32A is likely part of this modern infill wave rather than older established stock. That positions it well for buyers seeking a low-maintenance, contemporary home in a suburb where houses dominate but traditional full-size lots are less common. The configuration serves first-home buyers and upgraders who prioritise new finishes and efficient space over land area, and the rental demand in Queens Park adds investor appeal. It is not a rare or prestige offering, but it is competitive within its segment because of recency and the practical layout that compact infill typically provides.
The value of this property may be shaped by how its internal condition and finish level compare to other recent builds in the street, as well as the exact land size relative to neighbouring lots. A smaller parcel or a less favourable aspect might temper price growth, while superior presentation or a thoughtful floor plan could support a premium. The compact nature of the land may limit expansion potential, so buyers should weigh whether the existing layout meets their needs without modification. Market absorption in the suburb appears moderate, suggesting steady but not urgent demand, which may give some negotiation room. School catchment specifics and zoning details remain points to verify, as those can influence buyer pool and long-term appeal.
Detailed Independent Property Report prepared by PropCred Analyst team for 32A Fitzroy Street, Queens Park WA 6107
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Queens Park is a mid-tier Perth suburb. Houses sit at a $730k–$807k median, units at $565k–$620k. Demand is broad: houses sell in 6–9 days and vacancy is 0.59%, while gross yields of 4.98–6.08% and weekly rents of $650–$700 for houses and $600–$690 for units pull investors; the rapid turnover also points to owner-occupier competition. House prices are up 8.5–14.8% annually; units have jumped 18.6–24.6%. The tight vacancy and 116 house sales in the past year confirm undersupply. Future growth will be supported by the persistent undersupply and tight rental market.
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PropCred Estimated Value
Comparable Sales: 24A Fitzroy Street sold July 2020, 2022 build, 4 bed 2 bath on 264 m² | Property Price Band: $600K–$700K | Value Drivers: build recency, land size, internal finish level
Bedrooms
4
Bathroom
2
Parking
2
Land
368m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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