51 Teranca Road, Greenfields WA 6210

51 Teranca Road, Greenfields WA 6210
4-bed family house on 703m² lot | Mandurah council area | Recently built 2022 | Listed for sale This house presents a competitively strong proposition for a family seeking space and modern construction on a large block, a configuration becoming rarer in new subdivisions. Its 2022 build date implies contemporary standards without immediate renovation costs, positioning a buyer for stable occupancy. The substantial lot size and internal area are its primary advantages, directly serving buyers who prioritise private outdoor space and room for children or entertaining over inner-suburb proximity. The decision hinges on accepting Mandurah’s distance from Perth for that space, a trade-off with long-term resale implications. The lack of data on finishes, aspect, and precise school catchments are material risks that must be costed through a building inspection and local due diligence. The recent 2022 sale suggests a vendor seeking a short-term gain, requiring scrutiny of their reason for selling. Proceed only with a confirmed valuation that justifies the offer price against recent sales of similar-sized lots in Greenfields, as the suburb context lacks granular comparison data. This property is a hold for a decade to amortise the entry cost and realise the land value appreciation.

Independent, Unbiased Research from  our PropCred Analyst team 

Market Insight:

Greenfields is a well-established residential suburb experiencing strong buyer demand, with houses selling significantly faster than the broader Mandurah region. This momentum is driven by owner-occupiers, evidenced by a high proportion of mortgaged properties, seeking value in its diverse community pockets. The market demonstrates robust capital appreciation, particularly for houses, supported by tight rental conditions and rising yields. Future growth is underpinned by this sustained demand, though the minimal unit sales volume indicates a market preference for houses, which presents a supply constraint for that segment.

PropCred Estimated Value

Bedrooms

4

Bathroom

1

Parking

6

Land

703m²

Built

Recent Assessments