5A Oswald Street, Coolbellup WA 6163
5A Oswald Street, Coolbellup WA 6163
Large 1,652 m² duplex block | 3×1 layout with redevelopment angle | Bushfire overlay noted | Built-in robes, shed, outdoor entertaining | Strong land-focused buyer appeal
This is a rare configuration for Coolbellup: a 1970-built duplex sitting on a genuinely oversized parcel, where most comparable homes in the street sit on blocks a fraction of the size. The three-bedroom, one-bathroom layout is practical for a first home, an investor, or a buyer wanting to hold land with future options. The fully fenced yard, shed, and outdoor entertaining area make it immediately livable, while the floorboards and built-in robes add modest comfort without pretending to be anything other than honest older stock. It suits a buyer who values land and position over polish, and who sees the property as a long-term hold rather than a turnkey modern home.
The bushfire overlay may affect insurance costs or lending appetite, and the single bathroom could limit appeal for some families. The duplex form means shared site responsibilities may exist, and the older build may require budgeting for updates to kitchen or bathroom over time. The large land area, however, may offer subdivision potential, though this depends on current planning rules and should be verified before relying on it. Rental demand appears reasonable for the size, though the weekly rent sits slightly below the broader three-bedroom median in the area, likely reflecting the older condition and duplex configuration.
Detailed Independent Property Report prepared by PropCred Analyst team for 5A Oswald Street, Coolbellup WA 6163
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Coolbellup, 15km south of Perth CBD in Cockburn, is positioned near Fremantle and Murdoch University. Demand is driven by families and professionals, primarily aged 30-39, with a high share of couples with children and a well-educated workforce. House prices have grown strongly, though medians vary by source from $805,000 to $895,723, with annual growth between 9.3% and 15.83%. The market is tight: houses sell in 10-15 days, with 109-124 sales annually. Units show a contrasting picture, with medians around $525,000-$543,608, yields of 5.4%-5.6%, but growth ranging from -2.8% to 8.1%. Future demand is supported by infrastructure and parkland, but supply outweighs demand, limiting organic capital growth; sellers need to be realistic.
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PropCred Estimated Value
Comparable Sales: 6 Mopsa Way, Coolbellup sold $1,050,000 | Property Price Band: $800K–$900K | Value Drivers: land size, duplex potential, original condition, location within Cockburn LGA
Bedrooms
4
Bathroom
2
Parking
2
Land
448m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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