57 Waring Green, Clarkson WA 6030
57 Waring Green, Clarkson WA 6030
Quiet cul-de-sac opposite park | 657mΒ² landscaped lot | Updated 4×2 with study | Powered shed | Strong rental yield
This property presents a compelling proposition due to its combination of a large, park-adjacent block and modernised living spaces in a tightly held street. The 657mΒ² land size significantly exceeds typical local stock, offering tangible scarcity, while recent updates to the kitchen and bathroom position it above basic investor-grade housing. It serves growing families seeking space and tranquillity, and investors targeting a durable, high-amenity rental.
The primary risk is price relativity against recent street sales between $600k and $740k, demanding a clear premium justification for its larger land and updates. The opportunity lies in securing a superior, low-turnover cul-de-sac position with immediate rental coverage. Acquire for long-term hold, leveraging its family appeal for capital stability and its current presentation for strong yield.
Recent sales on Waring Green provide essential context:
– 3 Waring Green: $600k (4 bed, 2 bath)
– 74 Waring Green: $740k (4 bed, 2 bath, 2 car)
– 19 Waring Green: $740k (4 bed, 2 bath, 2 car)
– 17 Waring Green: $700k (4 bed, 2 bath)
These comparables, held for 14-25 years, establish a firm baseline value. This subject property must command its premium through its larger 657mΒ² block, direct park frontage, and updated condition, factors absent in the sold examples.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Clarkson is a well-established northern suburb with strong family appeal, driven by demand for its larger homes. Recent price growth has been robust across both houses and units, reflecting a competitive market with swift sales. Future momentum is underpinned by sustained buyer activity, though affordability relative to local incomes presents a key consideration for entry.