35 Kirkus Road, Medina WA 6167

35 Kirkus Road, Medina WA 6167
4 bed | 2 bath | 765sqm lot | heritage overlay | 272sqm building | Medina The propertyโ€™s strongest buying case is its generous 765sqm block with only 36% building coverage, which is rare in Medina and gives you genuine future flexibility โ€” whether extending, landscaping, or subdividing subject to council approval. The 272sqm floorplan is oversized for the suburb, with a modern open-plan layout and walk-in robe to the master, making it immediately livable for a family while the blank-canvas backyard holds latent value. It suits buyers who want a large single-level home in a quiet pocket with good school catchments and who are prepared to hold for medium-term capital growth rather than a quick flip. The heritage overlay is the primary risk โ€” it may restrict external changes and could deter some future buyers, which is partly why the asking price sits below the estimated value. The NBN is FTTN not FTTP, but thatโ€™s secondary here. The rental yield at $725 per week is modest against a $799k entry point, so the property works better as a long-term hold for owner-occupiers than as a pure investment. The 2020 purchase price and current listing suggest the seller may have room to negotiate, especially given 6 days on market. If you buy here, plan to hold at least five years and use the backyard potential to add value when ready.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Medina is a tightly held luxury market characterised by high-value homes and limited inventory, which underpins its exclusivity. Demand is driven by affluent buyers seeking premium properties, creating strong competition for available stock. Recent price trends show significant volatility, with conflicting indicators of both sharp appreciation and softening list prices, while the market tempo has accelerated markedly with homes selling more quickly. Future growth is contingent on sustained luxury demand, though the market’s sensitivity to high-value transactions and its constrained supply present inherent risks.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

765mยฒ

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