5A Dunvegan Road, Applecross WA 6153
5A Dunvegan Road, Applecross WA 6153
1954 single-level house | 533 sqm with 16.75m frontage | R-AC0 activity-centre zoning | leased at $750/week | Applecross school catchments
This property’s competitive edge lies in its rarity as a modest, single-level holding within a premium riverside suburb. The 533 sqm site, though smaller than much of Applecross’s prestige stock, carries a wide 16.75 m frontage and activity-centre zoning that gives it flexibility beyond a typical family home. It is well maintained, light-filled, and currently leased, so it serves best a buyer seeking immediate rental income with an eye toward future redevelopment or land banking. Its proximity to Canning Bridge Station, village retail, and the foreshore strengthens its appeal to investors and strategic buyers rather than those wanting a turnkey luxury residence.
The property’s value may be shaped by its age and modest size relative to surrounding homes, which might limit demand from families seeking larger accommodation. The activity-centre zoning could bring mixed-use transition pressure over time, potentially enhancing land value but also altering neighbourhood character. Its current lease provides income certainty for eleven months, which may appeal to investors, though the yield is likely low given Applecross’s high-price environment. The school catchments and amenity density are genuine demand drivers, but the house’s older configuration and single-level layout may require updates to attract owner-occupiers.
|| Comparable Sales: 13A Dunvegan Road sold around $3.4M on 832 sqm; 12 Dunvegan Road estimated near $3.67M on 601 sqm | Property Price Band: $1.5M–$1.6M | Value Drivers: land size and frontage, activity-centre zoning, rental income certainty
Detailed Independent Property Report prepared by PropCred Analyst team for 5A Dunvegan Road, Applecross WA 6153
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Applecross, an affluent riverside suburb of Perth locked between Canning Highway and the Swan River, remains a tightly held prestige market within the City of Melville. Demand is propelled by high-income households earning well above the Greater Perth average, drawn to positional scarcity and the area’s predominantly residential character. House prices sit at a $2,550,000 median, up 11.41% annually, while units have surged 47.14% to $1,160,000, reflecting investor and buyer appetite following broader Perth momentum. Conditions favour sellers: houses sell in a median 22 days, with only 130 house sales per year, indicating constrained turnover. Gross rental yields remain compressed for houses at 2.18%, but units offer a healthier 4.16% return, anchored by weekly rents of $1,050 and $800 respectively. The growth trajectory is underpinned by limited riverside land and affluent demographics, but with house yields so thin, much of the capital gain appears priced in, leaving values vulnerable to shifts in sentiment.
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PropCred Estimated Value
Comparable Sales: 13A Dunvegan Road sold around $3.4M on 832 sqm; 12 Dunvegan Road estimated near $3.67M on 601 sqm | Property Price Band: $1.5M–$1.6M | Value Drivers: land size and frontage, activity-centre zoning, rental income certainty
Bedrooms
3
Bathroom
2
Parking
2
Land
873m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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