6 Aspic Cres, Spearwood WA 6163

6 Aspic Cres, Spearwood WA 6163
1999 build | 644mΒ² lot with pool | 4×2 family configuration | Bushfire overlay | Fibre to the Node This house presents a competitively strong proposition for a family seeking space and permanence in Spearwood. Its 644-square-metre lot significantly exceeds the typical suburban parcel, offering tangible rarity and expansion potential, while the 1999 construction aligns with modern standards without heritage constraints. The established school catchments and detected swimming pool solidify its appeal to a specific buyer profile seeking a long-term family home with recreational amenities on a substantial block. The primary decision mechanism involves the bushfire overlay, which necessitates specific insurance assessments and may incur compliance costs, directly impacting holding expenses. The property’s value estimate sits notably above the suburb’s median, demanding a commercial logic that justifies the premium through its land size and configuration. Proceed with a conditional purchase focused on verifying site-specific bushfire mitigation costs, positioning this as a hold property for capital growth driven by its land asset, not its structure. Recent suburb sales show a median of $1.0625 million across 53 houses, with an average of 14 days on market. This property’s estimated value is approximately 40% above that median, a premium justified by its larger land size and modern build relative to the broader, older housing stock in the area. The swift market turnover suggests robust demand for well-located family homes in Spearwood.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Spearwood is a high-growth suburb experiencing exceptional capital appreciation, significantly outperforming neighbouring areas in both house and unit price growth. Demand is driven by a robust local workforce and strong rental returns, particularly for units, which are attracting investor interest. The market is characterised by rapid sales and rising rents, indicating sustained buyer competition. Future growth is underpinned by this momentum, though the pace of recent gains suggests a market approaching peak affordability for some segments.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

644mΒ²

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