4 Netley Street, Morley WA 6062

Modern family home | 5 beds, 3 baths | Subdivided lot context | Strong recent sale benchmark | Suburb growth above average The property at 4A Netley Street presents a competitively strong offering as a modern, large-format home on a subdivided lot, a configuration that is not typical of the broader suburb’s likely older housing stock. Its five-bedroom, three-bathroom layout serves a specific buyer profile seeking substantial internal space over expansive land, positioning it well for large families or those prioritizing modern amenities. The July 2023 sale of this exact property for $1,225,000 establishes a clear and recent value benchmark, indicating sustained buyer appetite for turnkey properties in this precinct. The primary risk mechanism is the constrained land size of 444m², which limits future expansion and may affect capital growth relative to standard lots, a cost paid in long-term land value appreciation. The adjacent listing at number 4, with a smaller configuration, confirms the high-density nature of this pocket. The commercial logic is to hold this property for its rental yield, aligned with the suburb’s 4.1%, and for medium-term capitalisation of the established growth trend. This property is a hold for an owner-occupier needing immediate space or an investor targeting family tenants. A direct comparable sale exists for this specific property: – 4A Netley Street: Sold July 2023 for $1,225,000. 5 beds, 3 baths, 269m² internal, 444m² land. This sale solidifies a value per square metre of approximately $4,527 for the land and improvements, providing a credible foundation for any offer on the currently listed number 4.