5 Reen Street, St James WA 6102
5 Reen Street, St James WA 6102
3 bed 1 bath | 776m² land | 25m frontage | large-lot house | urgent sale
The competitive strength of the property is found in its unusually large 776 m² lot with a wide 25 m frontage, a configuration that is becoming rare in St James. The three-bedroom, one-bathroom house is plainly presented, yet the land area is given clear scope for renovation, extension, or potential redevelopment, subject to council approval. This property is best suited to owner-occupiers seeking a long-term family property with outdoor space, as well as buyers who value land over immediate presentation. Its location in the inner-southeast corridor is supported by proximity to Curtin University and the Victoria Park strip, which broadens its appeal across families, investors, and downsizers.
A modest internal finish and lack of modern amenities may need to be addressed by the buyer, which could influence the price offered. The urgent selling timeline might be seen as a negotiating opportunity, though this cannot be assured. The large land size and wide frontage may be valued highly by developers or renovators, potentially supporting a price at the higher end of the market range. These factors are best weighed carefully when a buyer forms their view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 5 Reen Street, St James WA 6102
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
St James offers a highly accessible lifestyle defined by modern family infrastructure, expanding retail hubs, and extensive parklands, making it a magnet for first-home buyers and growing families seeking space and value. This strong demographic demand has driven consistent, volume-led price growth over the past year, cementing its appeal for both owner-occupiers and long-term investors. While the suburb provides excellent community amenities, buyers should watch out for the ongoing pipeline of new land releases nearby, which can occasionally moderate rapid short-term capital gains.
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PropCred Estimated Value
Comparable Sales: 15 Reen Street sold $1,325,000 | Property Price Band: $1.2M–$1.3M | Value Drivers: land area, wide frontage, selling timeline
Bedrooms
3
Bathroom
1
Parking
-
Land
776m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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