6 Lorenzo Street, Thornlie WA 6108

6 Lorenzo Street, Thornlie WA 6108
1968 house on 817m² | R40 redevelopment angle | 3×2 plus sleepout | solar, evap, shed | deep paved yard The house is set on a rare 817m² R40 block in a mature Thornlie street, so the underlying land value is carried by the property more than the dwelling itself. A practical layout is offered with three bedrooms, two bathrooms, plus a separate sleepout or fourth bedroom, which suits families needing flexibility. The shed, solar panels, split-system cooling and ducted evaporative air conditioning make it immediately liveable. Its competitive edge is found in the combination of a large, versatile floor plan and development-oriented zoning, which appeals to owner-occupiers wanting space now, and buyers who may later consider a subdivision or higher-density proposal. This is a sound family hold with redevelopment optionality. Value may be shaped by the 1968 dwelling’s age and condition, which might be updated by a new owner. The R40 zoning and large block could be used for future density, but any benefit is governed by planning rules, access and services. Presentation is functional rather than premium, so the price may be set by land size and redevelopment potential more than finish.
Detailed Independent Property Report prepared  by PropCred Analyst team for 6 Lorenzo Street, Thornlie WA 6108
Checks found:
Value Risk
Liquidity Risk
Planning Risk 2
Income Risk
Execution Risk
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Market Insight

Thornlie, in Perth’s south-east, is an established suburb with arterial roads, bus services, nearby train links and average-to-above-average public schools. Families, first-home buyers and upsizers drive demand; investors are drawn by rental returns. House price growth is strong: medians range from $705,000 (REIWA) to $780,500 (property.com.au), with annual growth of 10.4–11.1%. Units are thinner, with a $505,000 median and 44.3% growth on only four sales. Houses sell in 8–11 days; rents are rising 3–5%, and gross yields of 5.0% for houses and 6.17% for units support investor interest. Future growth is supported by sustained demand and access to transport; risks include affordability pressures up to $850,000, rate sensitivity and constrained unit supply.
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PropCred Estimated Value

Comparable Sales: 9 Lorenzo Street (809m², 1974) sold at $810,000; 60 Yale Road (534m²) sold at $887,000 | Property Price Band: $800k-$900k | Value Drivers: land size, R40 zoning, condition

Bedrooms

3

Bathroom

1

Parking

2

Land

534m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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