36/99 Herdsman Parade, Wembley WA 6014

36/99 Herdsman Parade, Wembley WA 6014
1 bed 1 bath 1 car | 1971 built | Investor yield play | Wembley location | Price guidance split This property is considered a typical representative of older Wembley unit stock, serving the investor and first-home buyer segments most effectively due to its compact configuration and established suburban setting. Its competitive advantage is found in the rental yield potential inferred from the broader strata pocket, where returns around 5-6% have been observed for similar units. The 1971 build offers a low-rise character that avoids the premium attached to newer developments, making it a practical entry point into the inner-west market. It is best suited to those prioritising location affordability over modern luxury amenities. The wide range in price signals across listings suggests market ambiguity that a buyer may use as leverage during negotiation. Its 1971 age might imply higher ongoing strata costs or the need for renovation, factors that could influence final value. Without verified interior finishes or floor level, the property’s price may be shaped by how these unknowns compare to typical expectations for older stock in the suburb.
Detailed Independent Property Report prepared  by PropCred Analyst team for 36/99 Herdsman Parade, Wembley WA 6014
Checks found:
Value Risk ✓
Liquidity Risk ✓
Planning Risk ✓
Income Risk ! 1
Execution Risk ! 1
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Market Insight

Wembley is an established, well-located suburb experiencing strong demand driven by its proximity to key transport corridors and a mix of established and newer housing. The market is characterised by exceptionally tight conditions, with houses selling rapidly and a critically low rental vacancy rate indicating significant supply pressure. While this fuels robust price growth, particularly for units, the high entry point for houses presents a key affordability constraint for future buyers.
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PropCred Estimated Value

Bedrooms

1

Bathroom

1

Parking

1

Land

1.61 acres

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