48 Mckimmie Road, Palmyra WA 6157
48 Mckimmie Road, Palmyra WA 6157
This is a 4-bedroom, 2-bathroom weatherboard cottage built in 1928 on 385sqm. It includes a self-contained rear studio with its own bedroom and bathroom. The property features jarrah floors, original fireplaces, and park views from the front.
What makes this property competitively strong is its rare combination of heritage character and flexible living configuration. The 1928 Percy Wright cottage offers original jarrah floors and fireplaces that are increasingly hard to find in Palmyra, while the self-contained studio adds genuine versatility for extended family, guests, or potential income. The park frontage and white picket fence create immediate street appeal that resonates with buyers seeking character homes. This property sits as a premium offering within Palmyra’s housing stock, serving families who value period charm but need space for multi-generational living or a home office. The four-bedroom layout is larger than many nearby cottages, giving it an edge for growing households.
The property’s age may present maintenance considerations that a newer build would not. Original weatherboard construction and older systems like plumbing and electrical might require attention over time, though this is typical for a home of this era. The studio adds value flexibility but its income potential depends on local council regulations regarding separate occupancy. The 385sqm lot is modest by suburban standards, which may limit future extension options. Buyers should weigh the premium commanded by heritage features against the practical costs of maintaining a near-century-old structure when forming their view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 48 Mckimmie Road, Palmyra WA 6157
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Palmyra is a tightly held, family-oriented suburb underpinned by a highly educated professional demographic, driving consistent demand for its well-located housing. This demand from affluent families and investors, supported by quality school catchments and transport links, fuels a competitive market with remarkably swift sales. Recent price growth has been robust, reflecting this strong underlying appeal, though the market is normalising towards steadier capital growth as listings increase and broader Perth conditions influence its trajectory.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
385m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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