53 Peake Way, Medina WA 6167
53 Peake Way, Medina WA 6167
Renovated 1954 character | 885mยฒ lot in Kwinana | heritage overlay | strong owner-occupier street
This property offers a rare combination of original 1954 character with modern renovation on a substantial 885mยฒ lot in a predominantly owner-occupied street. The 29% site coverage and 259mยฒ building footprint provide genuine space advantage over typical Medina stock, while solar panels reduce ongoing utility costs. The property is best suited to a buyer seeking a long-term family home with room to add value through further landscaping or future subdivision potential, given the generous lot size and residential zoning.
The heritage overlay introduces design constraints that may limit external alterations, which should be factored into any renovation or development timeline. The 2009 last sale date suggests limited recent market exposure, and the Kwinana LGA’s slower auction clearance rate indicates a buyer’s market for premium listings. However, the 5G coverage and NBN Fibre to the Node support modern living needs. The property should be held as a core family residence, with the lot size offering optionality for future subdivision or granny flat development if zoning permits.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Medina is a tightly held luxury market characterised by high-value homes and limited inventory, which underpins its exclusivity. Demand is driven by affluent buyers seeking premium properties, creating strong competition for available stock. Recent price trends show significant volatility, with conflicting indicators of both sharp appreciation and softening list prices, while the market tempo has accelerated markedly with homes selling more quickly. Future growth is contingent on sustained luxury demand, though the market’s sensitivity to high-value transactions and its constrained supply present inherent risks.