4/6 Merope Close, Rockingham WA 6168
4/6 Merope Close, Rockingham WA 6168
2-bed unit on huge 4,614m² parcel | Late-1970s strata stock | Ground-floor layout likely | Renovation level drives value | Retiree and investor demand
What stands out here is the unusual combination of a compact two-bedroom unit sitting on a very large land holding. That land figure almost certainly reflects the whole strata complex rather than the individual lot, but it still signals a low-density, established pocket with room around the buildings. The late-1970s construction era means the bones are solid but dated, so a renovated example would stand apart from original-condition neighbours. This property suits downsizers wanting single-level living near the shopping centre, or investors chasing the strong rental yields this unit segment typically delivers. The street itself is quiet, tucked away, and well positioned for convenience without the noise of a main road.
The main factor affecting value is condition and presentation. Original 1970s kitchens and bathrooms will feel tired next to renovated comparables, and that gap can be significant in this price range. The layout may also be compact, so buyers should consider whether the internal flow works for their needs. Strata fees and any over-55 restrictions could limit the buyer pool, which might soften demand. Conversely, a fresh renovation with modern finishes, air conditioning, and outdoor entertaining space could push the price toward the upper end of the local range. The large land parcel may offer future potential, though that depends on the strata structure and what the scheme allows.
|| Comparable Sales: 14/6 Merope Close sold $455,000; 18/7 Merope Close sold $455,000 | Property Price Band: $450K–$550K | Value Drivers: Renovation level, land parcel size, presentation and layout appeal
Detailed Independent Property Report prepared by PropCred Analyst team for 4/6 Merope Close, Rockingham WA 6168
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Rockingham is a coastal suburb near Perth, drawing renters, investors, and lifestyle buyers due to affordability and connectivity. Demand is supported by strong price growth: median house prices range from $730,000 to $800,000 with annual growth around 16.7–18.4%, while units sit near $500,000 with 16.3–17.65% growth. Houses sell in about 17–19 days, with annual volumes around 273–349 sales. Rental yields are moderate: houses 4.0–4.43%, units 4.7–5.54%, with median rents $600–$620 for houses and $540–$550 for units. Investor interest is evident from tight selling times and rental increases. Future growth drivers include coastal lifestyle, infrastructure proximity, and relative affordability, but household income sits well below Greater Perth average, constraining affordability and price-sensitive demand.
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PropCred Estimated Value
Comparable Sales: 14/6 Merope Close sold $455,000; 18/7 Merope Close sold $455,000 | Property Price Band: $450K–$550K | Value Drivers: Renovation level, land parcel size, presentation and layout appeal
Bedrooms
2
Bathroom
1
Parking
1
Land
71m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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