57 Jones Street, Stirling WA 6021
57 Jones Street, Stirling WA 6021
4-bed 1-bath on 814sqm | R20 redevelopment zoning | As-is condition | Large established block | Development-focused buyer demand
This property’s core strength is its generous 814sqm block in an established Stirling street, zoned R20 and marketed for development potential. The current house offers four bedrooms and a single bathroom, which is functional but dated, and the as-is presentation means you’re primarily buying land with a livable dwelling attached. For a developer or renovator, this is a rare opportunity to secure a substantial site in a sought-after suburb without paying a premium for finishes you’d likely strip out anyway. The location near Karrinyup and IKEA adds practical appeal, and the single-level layout gives you flexibility for either a quick refresh or a full rebuild, depending on your timeline and budget.
The value here hinges on how you interpret the land-to-improvement ratio. The house itself may not command much beyond its land value, given the single bathroom and older condition, so your purchase price should reflect that reality. The R20 zoning may limit density compared to higher-density zones, but it still offers redevelopment potential subject to council approval, which could be a meaningful upside if you’re patient. The block’s shape and orientation aren’t detailed, so you’ll want to verify site constraints before committing. Market conditions in Stirling have shown price sensitivity to land size and improvement quality, so expect the final figure to be driven more by the site than the structure.
|| Comparable Sales: 60 Jones Street sold with similar R20 zoning and development framing | 63 Jones Street, a 4-bed 2-bath on 675sqm, last transacted in 2007 | Property Price Band: $1.1M–$1.2M | Value Drivers: land size, zoning flexibility, as-is condition
Detailed Independent Property Report prepared by PropCred Analyst team for 57 Jones Street, Stirling WA 6021
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Stirling, 12km from Perth, is a high-value, tightly held suburb where house medians range from $1.315M to $1.4M and annual growth is running at 11.6–15.7%. Demand is acute: houses sell in a median 13–14 days, with annual sales volume of only 138–163, indicating scarcity. Rents for houses are firm at $900–$938 per week, yet gross yields sit at just 3.7–4.1%, while units deliver 4.8–5.35% with lower price points ($740K–$932K) and slower growth of 2.8–4.6%. This suggests owner-occupier dominance, with investors more attracted to units. The principal risks are affordability and rate sensitivity; the rapid price appreciation has pushed entry-level buyers to the unit segment or out of the suburb entirely, and future growth relies on sustained low supply and Perth’s broader economic performance.
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PropCred Estimated Value
Comparable Sales: 60 Jones Street sold with similar R20 zoning and development framing | 63 Jones Street, a 4-bed 2-bath on 675sqm, last transacted in 2007 | Property Price Band: $1.1M–$1.2M | Value Drivers: land size, zoning flexibility, as-is condition
Bedrooms
6
Bathroom
4
Parking
2
Land
814m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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