5 Kirkham Hill Terrace, Maylands WA 6051
5 Kirkham Hill Terrace, Maylands WA 6051
2,470 m² land | 1930 house | R30 zoning | flood and bushfire overlays | rare Maylands landholding
This house is set on a 2,470 m² lot, a rarity in Maylands where the surrounding stock is dominated by apartments and townhouses. The R30 zoning is considered a key advantage, as greater future density is permitted under the current land use. The property is best suited to buyers whose focus is on land value or redevelopment, rather than a finished home. Its inner-suburb location is supported by established infrastructure, and the catchment access to local schools is often cited as a positive. For an investor, the large landholding might be viewed as a long-term opportunity, while the space and privacy could be valued by an owner-occupier.
Value may be materially affected by the flood and bushfire overlays, by which certain building works might be limited and insurance costs could be increased. The condition of the 1930 dwelling may be a determining factor for whether redevelopment is pursued, and the unusual lot size might be subject to careful planning given the absence of heritage protection. These factors should be weighed when a price view is formed.
Detailed Independent Property Report prepared by PropCred Analyst team for 5 Kirkham Hill Terrace, Maylands WA 6051
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
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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: 73/50 Kirkham Hill Terrace sold for $210,000 in 2023; 5/50 Kirkham Hill Terrace last sold for $210,000 | Property Price Band: $1.1M-$1.2M | Value Drivers: land size, redevelopment potential, overlay constraints
Bedrooms
2
Bathroom
1
Parking
-
Land
2470m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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