38 Bursaria Cres, Ferndale WA 6148

38 Bursaria Cres, Ferndale WA 6148
Detached house on a family street | School catchment confirmed | Older-style bones with redevelopment potential | Mixed buyer demand from families and investors This property sits in a pocket of Ferndale where the streetscape is defined by established family homes on generous lots, and the local school catchment adds a practical layer of appeal for owner-occupiers. The house is most likely to suit buyers looking for a solid base in a convenient suburb, whether that is a young family wanting room to grow or an investor seeking a property with rental demand supported by proximity to shops, transport and parkland. The land component is the quiet strength here, offering scope for future renovation or extension in a suburb where newer infill homes are becoming more common. Value may be shaped by how the property compares to the older housing stock in the immediate area, particularly around layout, condition and the size of the block. A buyer should weigh the potential cost of updating an older home against the benefit of securing a larger parcel in a well-located street. The presence of bushfire and flood overlays on nearby properties might also influence insurance costs or future development plans, so it is worth confirming those details before forming a firm view on price. || Comparable Sales: 20 Bursaria Cres sold in similar range to nearby older stock; 2/235 Ferndale Cres sold at $1.1M | Property Price Band: $900K–$1.0M | Value Drivers: land size, renovation condition, school catchment proximity
Detailed Independent Property Report prepared  by PropCred Analyst team for 38 Bursaria Cres, Ferndale WA 6148
Checks found:
Value Risk ✕ 2
Liquidity Risk ! 1
Planning Risk ✕ 2
Income Risk ! 1
Execution Risk ✓
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Market Insight

The suburb is a value-oriented investment market. Median house price is $780,500, with units at $600,250. House prices rose 12.3% annually; units grew 20.5%. Weekly rents are $710 for houses and $632 for units, giving gross yields of 4.59% and 5.50%. The higher unit yield signals investor demand for units. Sales are thin, with 75 house sales in the past year, but homes sell in a median of 10 days, reflecting tight supply and competitive buying. Rapid price growth and strong rental returns suggest a niche, low-liquidity market.
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PropCred Estimated Value

Comparable Sales: 20 Bursaria Cres sold in similar range to nearby older stock; 2/235 Ferndale Cres sold at $1.1M | Property Price Band: $900K–$1.0M | Value Drivers: land size, renovation condition, school catchment proximity

Bedrooms

3

Bathroom

1

Parking

1

Land

737m²

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