467 Green Avenue, Armadale WA 6112
467 Green Avenue, Armadale WA 6112
Large 873sqm block | R40 medium-density zoning | 1977 3×1 house | Gwynne Park school zone | strong infill demand
A substantial 873 square metre residential block is offered by this three-bedroom, one-bathroom house built in 1977. The R40 medium-density zoning is considered a key attribute, providing potential for up to three lots subject to approvals. This configuration is rarely found on the market, especially with zoning already in place. The property sits in a transitioning pocket of Armadale, close to the town centre and transport improvements, which supports both family living and redevelopment interest. Buyers seeking a larger older house with future development upside are best served by this property, as are those wanting a convenient location within a primary school intake area.
The property’s value may be influenced by the condition of the existing house, which might require updates, and by the strength of the R40 development potential. The balance between immediate occupancy and long-term subdivision opportunity is considered key by buyers. The cost of necessary renovations may be weighed against the potential uplift from a three-lot subdivision, though approvals are not guaranteed. The active redevelopment climate in this part of Armadale might support value, but competition from other large blocks is also introduced.
>> Comparable Sales: 479 Green Avenue sold $750,000 in July 2025; 481 Green Avenue sold $350,000 in August 2022 | Property Price Band: $700,000-$800,000 | Value Drivers: land size, R40 zoning, location near town centre redevelopment
Detailed Independent Property Report prepared by PropCred Analyst team for 467 Green Avenue, Armadale WA 6112
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Armadale, a trade-heavy suburb in Greater Perth with a population of 13,415, is repositioning as an affordability play for investors and first-time buyers. Modest household incomes underpin demand for its low entry points: house median sits at $610,000 with 12.96% annual growth, while units are $520,000, up 20.93%. The market is tight-houses average 11 days on market, and annual sales hit 419. Gross yields are robust at 5.19% for houses and 5.59% for units, with weekly rents of $600 and $560 respectively. Future growth is tied to main-road access via Albany Highway and Rowley Road. However, price dispersion across sources ($575,000–$630,000) and wide variance in growth (11.5%–17.7%) signal volatility, as do inconsistent sales volumes (231–419) and house yields slipping to 4.5% in one dataset.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
873m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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