48A Connolly Street, Wembley WA 6014

48A Connolly Street, Wembley WA 6014
Established street presence | Mixed character and infill stock | Long owner-occupier tenure | School catchment appeal | 3-bedroom family configuration This property sits within a mature inner-west pocket where character homes and newer infill sit side by side, giving it a genuine dual appeal. The street itself shows low turnover and strong holding periods, which tends to support price stability and limits oversupply risk. For a buyer, the configuration likely suits a family or professional couple wanting proximity to Lake Monger, transport, and well-regarded public schooling. The area’s mix of older dwellings and updated townhouses means this property could offer either original charm or modern convenience, depending on its current condition. That flexibility broadens its resale audience, which is a quiet advantage in a market where buyers often filter by both lifestyle and school zone. Value may hinge on how the property compares to nearby infill units and older houses in terms of land size, layout, and renovation level. If it is an older build, the extent of updates to kitchen, bathroom, and climate control could materially shift its price position. A smaller lot or limited parking might constrain upside, while a well-kept interior or additional living space could justify a premium. Buyers should weigh whether the property offers the character and space that long-term owners in this street have valued, or whether it trades more on location and convenience. The balance between those factors will likely determine how it sits against competing options in the immediate area. || Comparable Sales: 56 Connolly Street sold $1.9M; 48 Connolly Street sold $1.9M | Property Price Band: $1.2M–$1.3M | Value Drivers: land size, condition and layout, school catchment proximity
Detailed Independent Property Report prepared  by PropCred Analyst team for 48A Connolly Street, Wembley WA 6014
Checks found:
Value Risk
Liquidity Risk ! 1
Planning Risk
Income Risk
Execution Risk ! 1
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Market Insight

Wembley is an established, well-located suburb experiencing strong demand driven by its proximity to key transport corridors and a mix of established and newer housing. The market is characterised by exceptionally tight conditions, with houses selling rapidly and a critically low rental vacancy rate indicating significant supply pressure. While this fuels robust price growth, particularly for units, the high entry point for houses presents a key affordability constraint for future buyers.
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PropCred Estimated Value

Comparable Sales: 56 Connolly Street sold $1.9M; 48 Connolly Street sold $1.9M | Property Price Band: $1.2M–$1.3M | Value Drivers: land size, condition and layout, school catchment proximity

Bedrooms

3

Bathroom

2

Parking

1

Land

326m²

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