5/3 Corry Lynn Road, Claremont WA 6010
5/3 Corry Lynn Road, Claremont WA 6010
Heritage-survey listed residence | Claremont blue-chip pocket | Large-lot character setting | Scarce tightly held stock | Redevelopment constraints
The property is positioned within one of Claremont’s most established residential precincts, where heritage recognition is attached to the site itself. The locality is known for substantial land parcels and period character housing, and this residence is recorded in the local heritage survey, which signals a level of architectural or historical significance that is not common across the wider market. Stock in this part of Claremont is tightly held, and houses of this nature tend to attract buyers who are prepared to pay for location, character, and the scarcity of well-positioned family land. The property is best suited to a buyer who values an original or character residence within a prestige suburb and who is willing to work within heritage-related design considerations.
The heritage status may impose controls on external alterations or redevelopment, and the exact condition of the building, its internal layout, and land area are factors that could shape how the property compares to similar period houses in the area. Market conditions in Claremont are firm, with limited supply being absorbed quickly, but the eventual value might depend on how much updating the property requires and how the heritage constraints are interpreted. The presence of a heritage listing may be viewed as a protective feature by some buyers and as a limitation by others, and that balance is likely to influence the final price.
Detailed Independent Property Report prepared by PropCred Analyst team for 5/3 Corry Lynn Road, Claremont WA 6010
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Claremont, WA 6010 holds a premium position in Perth’s property market, with median house prices ranging from $2.197m to $2.4m depending on measurement, and apartments at $888,000, up 7% annually. House price growth is reported between 5.8% and 16.1%, reflecting source variation. Demand is driven by high-income earners; household incomes remain well above Greater Perth. The market is tightly held: just seven properties are for sale, and houses sell in a median 13–14 days. Rental demand remains robust, with house rents at $1,200 weekly and unit yields around 4.2%. Constrained supply supports pricing, but affordability pressures and rate sensitivity, evidenced by 35% of owners holding mortgages, temper future appreciation.
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PropCred Estimated Value
Comparable Sales: 4/12 Paget Street sold at $1.95M; 2/8 Berry Road sold at $2.1M | Property Price Band: $1.9M–$2.1M | Value Drivers: heritage character, land size, condition and presentation
Bedrooms
3
Bathroom
1
Parking
1
Land
2825m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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