5 Prada Way, Spearwood WA 6163

5 Prada Way, Spearwood WA 6163
4x2x2 detached house | owner-occupied street pocket | Newton Primary catchment | Fremantle College zone | family-oriented suburb A four-bedroom, two-bathroom, two-car house is a configuration that is consistently sought by families in Spearwood, and this property delivers it within a pocket that is predominantly owner-occupied. The house is positioned inside the intake areas for Newton Primary and Fremantle College, which strengthens its appeal to buyers who are planning for school years. Its low-rise, family-oriented street character is well established, and the property is expected to suit owner-occupiers, especially local families or upgraders, more than investors. This combination of layout and location is uncommon enough to generate solid interest from a specific buyer segment. The condition of the interiors, the exact land measurement, and the orientation of the living areas may all influence the final price. A buyer might also weigh the cost of any immediate updates against the property’s inherent configuration. The surrounding market shows strong momentum, so the final price may be shaped by how well this house compares with recent sales on similar lots. These factors should be verified during an inspection. >> Comparable Sales: 7 Prada Way, a 3-bedder on 432m², sold at $1.38M; Ditullio Close, a 3-bedder on 323m², sold at $890k | Property Price Band: $1.2M-$1.3M | Value Drivers: land size, condition, orientation
Detailed Independent Property Report prepared  by PropCred Analyst team for 5 Prada Way, Spearwood WA 6163
Checks found:
Value Risk ! 1
Liquidity Risk ✓
Planning Risk ✕ 2
Income Risk ✓
Execution Risk ! 1
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Market Insight

Spearwood WA sits as a well-positioned middle-ring market, anchored by trades-heavy demographics and mid-to-high household earnings. House values have climbed to a $900,000–$942,000 median across recent quarters, with annual appreciation running 20–22%; units follow at $517,000–$581,500, growing 23–35% year-on-year. The market is tight-houses clear in roughly 26–28 days-and rental demand is firm, with house yields at 3.9% and units at 5.2% as unit rents rose 15.4%. Buyer appetite is driven by local trades and higher-income households, and Spearwood is selling 37.8% faster than Fremantle, though nearby Hamilton Hill has an even quicker 48.6% pace. Sustained tightness and robust sales volumes support further upside, but affordability is now stretched and rate sensitivity poses a clear constraint given the sharp recent price surge.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

450m²

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