5/74 Kelvin Street, Maylands WA 6051
5/74 Kelvin Street, Maylands WA 6051
3 bed villa-style home | 297m² site in small complex | premium $950/wk rental demand | family-oriented Kelvin Street pocket
This property offers a rare configuration for Maylands: a three-bedroom, two-bathroom villa-style dwelling with double garage on a compact 297m² site, positioned within a small strata or shared-site development. The immediate street character leans toward larger, multi-level family homes, yet this unit delivers similar lifestyle benefits—open-plan living, outdoor entertaining, and low-maintenance grounds—without the burden of a full detached house footprint. It sits in a quiet, amenity-rich pocket near the Swan River foreshore, parklands, and Maylands Primary School, making it particularly suited to families or professionals seeking walkability and a lock-and-leave lifestyle. The strong rental appetite at $950 per week signals genuine demand from quality tenants, which reinforces its appeal for an owner-occupier or investor looking for a property that performs well in both use and income terms.
The value picture may hinge on how the internal finishes and floor level compare with the street’s newer or more polished stock. A multi-level configuration is likely, but the exact vertical position and overall condition remain unverified, and these factors could influence perceived practicality for older buyers or those with mobility concerns. The 297m² land component is modest, so future price growth may rely more on the quality of the complex and its shared-site management than on land banking potential. Buyers should weigh the trade-off between a manageable footprint and the premium rent achievable, while also considering that the immediate area supports a mixed product range—from smaller villas to larger family homes—which may temper or boost resale appeal depending on buyer preferences at the time.
Detailed Independent Property Report prepared by PropCred Analyst team for 5/74 Kelvin Street, Maylands WA 6051
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Maylands, an inner-Perth suburb, draws demand from young professionals aged 30-39; population rose 4.95% from 2016 and household incomes are high. House prices have climbed 23.8-31.4% annually to $1.09M-$1.27M, while units grew 18.3-22.3% to $550k-$600k. Market conditions are tight: houses sell in 10-13 days. Rents are firm at $750/week for houses and $595/week for units, with yields of 3.4-3.6% and 5.4-5.6% respectively. Transport connectivity underpins future demand, as does continued population growth. Constraints remain: affordability is stretched, with median monthly mortgage payments of $2,410 in Perth’s top 26%, and 30.1% of stock is rentals, leaving the suburb exposed if tenant demand weakens.
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PropCred Estimated Value
Comparable Sales: 4/74 Kelvin Street sold at $1.1M (3 bed, 138m² building) | Property Price Band: $900K–$1M | Value Drivers: complex quality, internal condition, rental yield potential
Bedrooms
3
Bathroom
2
Parking
2
Land
297m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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