346A Wanneroo Road, Nollamara WA 6061
346A Wanneroo Road, Nollamara WA 6061
4 bed | 1 bath | 990m² land | main road exposure | 1976 build | reno potential
What is competitively strong about this property is the land area. At 990 square metres it is significantly larger than most house lots in Nollamara, which gives it a rare configuration edge for this suburb. The four bedroom layout suits families, and the main road position on Wanneroo Road provides convenient access to transport and services. The house itself is from 1976 and while one source suggests a renovated bathroom the overall dwelling appears to be in original or lightly updated condition. This property best serves a buyer who values land content over immediate move in readiness, such as a renovator or someone looking to hold for future redevelopment potential.
The main road location may affect liveability through traffic noise and reduced street privacy, which could narrow the buyer pool compared to internal street properties. The single bathroom is a constraint for a four bedroom house, especially for families or shared households, and may require updating to meet modern expectations. The age of the building means potential buyers should budget for ongoing maintenance, particularly roofing, plumbing and electrical systems. The large land parcel may also carry higher holding costs for gardens and boundary upkeep. These factors together might influence how the property is priced relative to more updated or quieter positioned homes in the suburb.
Detailed Independent Property Report prepared by PropCred Analyst team for 346A Wanneroo Road, Nollamara WA 6061
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Nollamara presents as a high-demand, affordable entry point into Perth’s northern suburbs, characterised by exceptionally fast-moving sales and strong capital growth. Demand is driven by owner-occupiers and investors attracted to its relative affordability and tight rental market, evidenced by rapid sales and high yields. Recent price trends show robust growth across both houses and units, with market conditions indicating intense competition and low stock turnover. Future growth is supported by sustained buyer activity, though the market exhibits sensitivity to affordability pressures and yield compression.
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PropCred Estimated Value
Bedrooms
4
Bathroom
1
Parking
2
Land
478m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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