4 Cumberland Way, Waikiki WA 6169
4 Cumberland Way, Waikiki WA 6169
| 680sqm block | near $960k comp | urgent relocation | Charthouse Primary catchment | strong owner-occupied street |
The property at 4 Cumberland Way presents a rare configuration edge in Waikiki: a 680sqm block in a tightly held, owner-occupied street with a recent comparable sale at 6 Cumberland Way achieving $960,000. The urgent relocation listing suggests motivated vendor circumstances, which may allow a buyer to negotiate below market value in a suburb where 4-bedroom houses average only 12 days on market. This house best suits a family seeking established schooling access-Charthouse Primary within 0.6km-and a block size that supports future renovation or extension potential.
The primary risk is condition uncertainty; the property last sold in 2011 and no internal upgrade details are disclosed, meaning a buyer should budget for possible updating of kitchens, bathrooms, or flooring. The $960k comparable at number 6 provides a ceiling, but only if this house presents similarly. Opportunity lies in the blockโs depth and street positioning, which may allow for a rear subdivision or granny flat in future-subject to council approval. Hold this property for its land content and school catchment; renovate selectively to unlock equity within 3โ5 years.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 4 Cumberland Way, Waikiki WA 6169
Market Insight:
Waikiki presents as a coastal suburb with strong appeal to middle-income families, evidenced by its established housing stock and high sales activity. Demand is driven by owner-occupiers, with a significant portion of households carrying mortgages, and is reflected in rapid sales and robust rental growth. Recent price trends show exceptionally strong capital growth across both houses and units, within a tight, fast-moving market. Future growth is underpinned by sustained high demand, though risks include investor affordability due to below-average yields and market sensitivity to interest rate changes.