4 Pirra Court, Craigie WA 6025

4 Pirra Court, Craigie WA 6025
3 bed 1 bath 1 car | 769 m² block | long owner-occupier street | 1970s build pattern | settled family pocket The competitive edge here is the land. A 769 m² block in a quiet court with that configuration is increasingly uncommon in Craigie, where much of the newer stock trades smaller footprints or strata titles. The house itself is basic 1970s product, but the size and shape of the lot gives real flexibility for a buyer wanting to renovate, extend, or simply hold for future potential. The street profile shows people stay a long time, which points to a genuinely settled neighbourhood rather than a transient rental strip. This property suits a family or an investor comfortable with a modest dwelling on a strong block, where the value sits in the ground and the position rather than the finishes. The main factor that might shape the price is condition, since no detail on internal upgrades is confirmed. A dated interior with original kitchen and bathroom may require meaningful spend, while a partially refreshed home could command a different conversation entirely. The single bathroom and single car space may also limit appeal for some buyers, though the large lot offsets that by offering room to add. The 2015 sale at $520,000 and the 1972 build pattern of the court suggest steady, moderate appreciation rather than sharp jumps, so expectations should be set around gradual growth driven by land value and suburb maturity. || Comparable Sales: 7 Pirra Court sold $708,000; 4 Elwood Court listed high $900,000s | Property Price Band: $700K–$800K | Value Drivers: land size, street tenure, renovation potential, single-level layout
Detailed Independent Property Report prepared  by PropCred Analyst team for 4 Pirra Court, Craigie WA 6025
Checks found:
Value Risk 2
Liquidity Risk
Planning Risk 2
Income Risk ! 1
Execution Risk
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Market Insight

Craigie is a northern Perth suburb with standard road links, where investor and owner-occupier demand drives a liquid market with 160 house sales in the past year. Median house price is $860,000, up 10.12% annually; three-bedroom homes are $857,500, four-bedroom $951,000. Units outperform: median $705,000, annual growth 16.5%, gross yield 5.43% versus 4.52% for houses. Houses sell in a median 11 days, indicating tight supply. Weekly rents are $700 for houses and $650 for units. However, limited public transport detail and absent school catchment or supply metrics leave affordability and rate sensitivity risks unquantified, as price growth outpaces the broader market.
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PropCred Estimated Value

Comparable Sales: 7 Pirra Court sold $708,000; 4 Elwood Court listed high $900,000s | Property Price Band: $700K–$800K | Value Drivers: land size, street tenure, renovation potential, single-level layout

Bedrooms

3

Bathroom

1

Parking

1

Land

769m²

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