4 Bluewater Rise, Mullaloo WA 6027

4 Bluewater Rise, Mullaloo WA 6027
4 beds | 809sqm low-turnover street | pool | bushfire overlay | mid-$2m’s This property offers a rare combination of generous land size and a low-turnover street in Mullaloo, where 90% of owners stay long-term. The 809sqm block with a pool and substantial building footprint creates a strong position for a buyer seeking a family home with immediate amenity and future subdivision potential. The configuration of 4 bedrooms and 2-3 bathrooms serves the family market well, while the school catchment proximity to Mullaloo Beach Primary and Ocean Reef Senior High adds practical appeal. For a buyer targeting a property that holds value through scarcity and location, this house competes on land depth and street character rather than finish or renovation. The bushfire overlay is the primary specific risk and should be investigated for any building or insurance implications, though it does not appear to have affected recent sales in the area. The absence of recent street sales means pricing relies on broader suburb comparables, which show a median range of $1.45m to $1.94m, so the mid-$2m’s asking sits above that and requires justification through land size and pool. The opportunity lies in the low supply—only 39 properties sold in Mullaloo this year—and the potential to add value through updating the 1991 interior or exploring subdivision options on the 809sqm lot, subject to council approval.
Detailed Independent Property Report prepared  by PropCred Analyst team for 4 Bluewater Rise, Mullaloo WA 6027
Checks found:
Value Risk ✓
Liquidity Risk ✓
Planning Risk ✓
Income Risk ✓
Execution Risk ! 1
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Market Insight

Mullaloo is a premium coastal suburb characterised by a high-value housing market. Demand is driven by established professionals seeking a stable, high-amenity lifestyle, reflected in a consistently low vacancy rate. Recent price growth has been robust, with houses transacting exceptionally quickly, indicating strong buyer competition. Future growth is underpinned by this sustained demand, though the suburb’s high price point relative to the state and limited property stock present constraints on affordability and supply expansion.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

809m²

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