57B Gallipoli Drive, Greenmount WA 6056
57B Gallipoli Drive, Greenmount WA 6056
3-bed villa in Greenmount | 561sqm block | 1991 build | owner-occupied street
The 561sqm land component on a 95% owner-occupied street is the primary structural advantage here, offering a land-to-building ratio that is increasingly rare in this corridor. The 1991 build with evaporative cooling and a courtyard provides a low-maintenance floorplan suited to downsizers or investors seeking a single-bathroom configuration that limits tenant pools but reduces holding costs. Proximity to Greenmount Primary and Swan View Senior High within 0.7km supports family demand, while the heritage overlay adds a layer of scarcity that can preserve long-term value if the property is held.
The single bathroom and 1-2 car garage create a functional ceiling for family buyers, and the heritage overlay may restrict future subdivision or significant alterations, capping upside from land banking. Rental yield at $715/week on a $779k entry point is moderate but not exceptional. The 2021 sale history and 7-day listing suggest limited price discovery. Hold this property for steady capital preservation rather than short-term flipping; the land size and street profile support patient ownership.
Detailed Independent Property Report prepared by PropCred Analyst team for 57B Gallipoli Drive, Greenmount WA 6056
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Greenmount presents as a stable, established suburb with a mature demographic profile. Demand is underpinned by owner-occupiers, evidenced by a high rate of mortgage holders and consistent sales activity. The market exhibits strong capital appreciation, supported by very low rental vacancy indicating tight supply. Future growth is linked to this supply constraint, though the stable population and limited new listings present a key risk to transaction volume and affordability pressures.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
561m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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