3A Reynolds Road Applecross WA 6153
3A Reynolds Road Applecross WA 6153
3-bed Applecross house | 180sqm on 471sqm | 5 days on market | long-term owner street character
This property is competitively positioned as a rare entry point into Applecrossโs tightly held Reynolds Road, where 74% of residents are owner-occupiers and 62% have held for over a decade. The 180sqm floor area on a 471sqm block offers a compact but functional configuration that suits downsizers or families seeking a smaller footprint in a premium suburb, without the premium price of larger homes. The 5-day market exposure signals strong initial interest, and the streetโs recent sale of 27 Reynolds Road at $2.15m for a comparable 3-bedroom house suggests this property may be priced below that benchmark, giving a buyer negotiating leverage. It best serves an owner-occupier who values school catchmentsโApplecross Primary and Senior High within walking distanceโand a stable, low-turnover neighbourhood.
The primary risk is the lack of recent sales history or valuation data for this specific address, meaning the buyer must rely on street comparables that skew higher (e.g., $2.4m for 31 Reynolds Road) or lower (e.g., $1.5m for 30A, a 4-bedroom). This uncertainty can be turned into an opportunity by commissioning a pre-purchase valuation and using the 5-day market window to negotiate a price below the $1.462m median for 3-bedroom houses in Applecross. The long holding periods of neighbours (3โ19 years) indicate low turnover and limited future supply, which supports capital growth over a 5โ10 year hold. Use this property as a long-term family home or a low-maintenance base, not a quick flip.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Applecross is an affluent riverside suburb, characterised by its prime location and high-income demographic. Demand is driven by buyers seeking premium residential living, supported by exceptionally strong recent price growth, particularly in the unit market. The market demonstrates robust conditions with houses transacting relatively quickly. Future growth is anchored in its established desirability and limited riverside land, though the premium pricing presents a natural constraint on entry.