39A Tenth Avenue, Maylands WA 6051
39A Tenth Avenue, Maylands WA 6051
Large 1,013 m² lot | 1950s 3×1 house | scarce land-backed stock near station | strong renovator or land-bank appeal | walkable urban amenity.
This is a rare opportunity in Maylands. A 1950s three-bedroom, one-bathroom house on a full-sized lot of over 1,000 square metres is the kind of holding that stands apart from the units and apartments dominating the walkable precinct around the train station and café strip. The land is the real story here. It offers immediate space, a usable backyard, and future optionality that compact strata product simply cannot match. For a buyer wanting to renovate, extend, or hold for long-term redevelopment potential, this property sits in a strong position. Its proximity to Maylands Train Station, Beaufort Street, and the Inglewood retail edge means everyday convenience is already in place. The likely buyer is someone comfortable with an older house who values land and location over polished finishes.
The value here may be shaped more by what you can do with the land than what currently stands on it. The house itself is dated and will likely need work, so condition should be weighed carefully. The large lot may support subdivision or a future second dwelling, depending on council requirements, and that potential could influence how much buyers are willing to pay. Rental demand is solid in this pocket, with similar properties achieving around $750 per week, so holding it as an investment while you plan is a realistic option. The main constraint is that the existing house may not suit someone wanting move-in-ready comfort without spending further. Weigh the cost of renovations against the land’s long-term potential when forming your view on price.
|| Comparable Sales: 2/15 Tenth Avenue unit sold $589,000; 31/2 Tenth Avenue apartment sold $629,000 | Property Price Band: $1.3M–$1.4M | Value Drivers: land size, redevelopment potential, proximity to station and amenity
Detailed Independent Property Report prepared by PropCred Analyst team for 39A Tenth Avenue, Maylands WA 6051
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Maylands, an inner-Perth suburb, draws demand from young professionals aged 30-39; population rose 4.95% from 2016 and household incomes are high. House prices have climbed 23.8-31.4% annually to $1.09M-$1.27M, while units grew 18.3-22.3% to $550k-$600k. Market conditions are tight: houses sell in 10-13 days. Rents are firm at $750/week for houses and $595/week for units, with yields of 3.4-3.6% and 5.4-5.6% respectively. Transport connectivity underpins future demand, as does continued population growth. Constraints remain: affordability is stretched, with median monthly mortgage payments of $2,410 in Perth’s top 26%, and 30.1% of stock is rentals, leaving the suburb exposed if tenant demand weakens.
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PropCred Estimated Value
Comparable Sales: 2/15 Tenth Avenue unit sold $589,000; 31/2 Tenth Avenue apartment sold $629,000 | Property Price Band: $1.3M–$1.4M | Value Drivers: land size, redevelopment potential, proximity to station and amenity
Bedrooms
3
Bathroom
1
Parking
-
Land
1013m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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