4A Menai Rtt, Greenwood WA 6024
4A Menai Rtt, Greenwood WA 6024
Renovated duplex | 4 bed 2 bath | 419 sqm | school proximity | move-in ready
A recently renovated duplex is presented on a 419 sqm land parcel, with four bedrooms, two bathrooms, and one car space. The contemporary finishes and modern appliances are seen as differentiating features from the older housing stock in the suburb. The property is positioned to serve families and downsizers, for whom low-maintenance accommodation near schools and freeway access is prioritised. The location is reinforced by nearby shopping centres and parks, and the convenience of daily living is enhanced. A competitive strength is found in the balance of size, condition, and location, rather than any exceptional land dimension.
The property’s value may be affected by its modest land area, and upward price movement might be limited by comparison with larger family homes. Renovation quality and modern fixtures could be seen as a premium for buyers valuing convenience. The final price might also be influenced by local demand for turnkey properties, although no major negative factors are seen.
>> Comparable Sales: 4B Menai Retreat sold $545k in 2003; 30 Allenswood Rd sold $465k in 2018 | Property Price Band: $800K-$900K | Value Drivers: renovation condition, land 419 sqm, school proximity
Detailed Independent Property Report prepared by PropCred Analyst team for 4A Menai Rtt, Greenwood WA 6024
Checks found:
Value Risk
✓
Liquidity Risk
✓
Planning Risk
!
1
Income Risk
✓
Execution Risk
✕
2
Market Insight
Greenwood is a well-connected northern Perth suburb, close to the Mitchell Freeway, Warwick and Joondalup stations, with planned road upgrades ahead. Demand comes chiefly from families aged 30–39, many with mortgages and middle-income jobs, drawn by strong local employment and high-rated schools including Greenwood Primary, Greenwood College and Carine Senior High. House prices have climbed 8.5–13.4% annually to $880,000–$944,000, with median selling time just 11 days and only four recent listings, underscoring severe supply pressure. Rental growth of 7.1% and infrastructure spending support further gains. The key risks are affordability erosion and interest-rate sensitivity: 56% of owners are mortgaged, and thin inventory could amplify any slowdown.
PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
1
Land
910m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst