400 Wright Road Piara Waters WA 6112
400 Wright Road Piara Waters WA 6112
Modern build | Large family home | No overlays | Prime school catchment | High owner-occupancy
This property presents a competitively strong, low-risk family home in an established owner-occupier enclave. Its configuration as a large five-bedroom house built in 2013, free of bushfire or flood overlays, and situated within the Piara Waters Primary and Senior High School catchments, creates a rare and durable offering for a growing family seeking security and amenity without compromise. The high building coverage suggests a substantial residence on a standard block, prioritizing internal space over extensive outdoor living.
Proceed with caution due to conflicting data on building size and parking, which necessitates immediate verification as it impacts utility and value. The stagnant market for five-bedroom houses locally indicates limited buyer competition but also challenges for future liquidity. Acquire this property for long-term occupation, not speculation. A Propcred report would precisely calibrate its valuation against recent sales and audit locality risks for insurance and livability.
Comparable sales context is limited, but one nearby four-bedroom home at 9 Sackler Link sold for $999,000 nine days ago. This suggests the subject property’s $1.55 million asking price requires justification through its extra bedroom, larger build, and superior school zoning, demanding a direct value comparison from your advisor.
Detailed Independent Property Report prepared by PropCred Analyst team for 400 Wright Road Piara Waters WA 6112
Checks found:
Value Risk
✓
Liquidity Risk
✓
Planning Risk
!
1
Income Risk
!
1
Execution Risk
✕
2
Insight: 400 Wright Road Piara Waters WA 6112
Piara Waters is a high-demand suburb characterised by rapid turnover and strong price appreciation, driven by its appeal to affluent families. This demand is supported by robust sales activity and a consistently tight supply of listings. While the market demonstrates significant momentum, its high price point relative to local rents presents an affordability consideration for future growth.
PropCred Estimated Value
Bedrooms
5
Bathroom
2
Parking
2
Land
575m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst