51 Mandfield Way, Parmelia WA 6167
51 Mandfield Way, Parmelia WA 6167
4 bed | 1 bath | 726sqm | workshop | 1970s era | family suburb
This property is competitively strong because of its generous land size and the workshop, which is rare in this price range. The 726sqm block is well above what most newer subdivisions offer, and the drive-through access to a large powered workshop adds real utility for tradespeople, hobbyists, or families needing extra storage. The house sits in an established suburban pocket where detached homes on big lots are the norm, so the neighbourhood character is consistent and settled. This property best serves a buyer who values space and flexibility over a modern finish, particularly owner-occupiers looking for room to grow or investors targeting family tenants who want a yard and a shed.
What may materially affect value is the single bathroom, which could limit appeal compared to similar homes with two bathrooms. The 1970s–1980s vintage means maintenance and upgrade costs might be higher than a newer property, though this is typical for the area. The asking price sits above the only recent sale on the street, so buyers should weigh whether the workshop and larger land justify the premium. Rental demand is likely solid given the four-bedroom layout and family-oriented suburb, but the yield may be modest at the current price point.
Detailed Independent Property Report prepared by PropCred Analyst team for 51 Mandfield Way, Parmelia WA 6167
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Parmelia presents as an affordable entry point within its region, attracting a younger demographic of predominantly working households. Demand is driven by strong sales activity and rapid turnover, reflecting a competitive market for houses. Recent price growth has been robust, supported by solid rental increases. Future momentum hinges on sustained demand for its established housing stock, though the market’s narrow focus on houses and slower turnover compared to adjacent suburbs presents a key constraint on liquidity and breadth.
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PropCred Estimated Value
Bedrooms
4
Bathroom
1
Parking
1
Land
726m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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