58 Richardson Way, Bulgarra WA 6714
58 Richardson Way, Bulgarra WA 6714
7 bedrooms, 3 bathrooms, 4 toilets, 743-square-metre lot, built 1974, single-storey, split-system air-conditioning to all bedrooms, open-plan kitchen and living, basic furnishing requiring minor repairs. This is a rare large-scale house in a suburb dominated by three- and four-bedroom family homes, making it a distinct outlier in the local market.
What is competitive is the sheer bedroom count, which positions this house as a strong candidate for multi-generational living or investor-driven rental accommodation serving the mining workforce. The 743-square-metre lot aligns with typical block sizes in the area, but the internal configuration offers flexibility not found in standard stock. The 1974 build is consistent with the suburb’s established character, and the open-plan layout is practical for shared living. This property best serves buyers who need high occupancy capacity or are targeting the high-demand rental segment.
Several factors may materially affect value. The “little TLC” condition suggests deferred maintenance, which might require a budget for cosmetic or structural updates. A flood overlay detected on a nearby lot may indicate potential risk for this property, which could influence insurance costs and buyer confidence. The seven-bedroom scale may narrow the buyer pool compared to typical family homes, potentially impacting time on market. These factors should be weighed when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 58 Richardson Way, Bulgarra WA 6714
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Bulgarra is a young, family-oriented suburb with a strong trades-based demographic, positioned as a more affordable entry point within its region. Demand is driven by this established local workforce seeking family housing, creating a highly competitive rental market. Recent price growth has been robust, particularly for units, within a context of overall low sales volumes indicating a tight market. Future growth is underpinned by persistent undersupply, though sensitivity to broader regional sales declines presents a key constraint.
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PropCred Estimated Value
Bedrooms
7
Bathroom
3
Parking
1
Land
743m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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