6 Silversmith Street Wellard WA 6170
6 Silversmith Street Wellard WA 6170
Large elevated block | Renovated family home | Pool and solar | Bushfire overlay present
The property occupies a rare 2192mยฒ lot on an elevated site, which is the primary structural advantage in Wellard. The 1993 house has been updated with fresh rendering, new gutters, solar panels, and a swimming pool, reducing immediate capital outlay for a buyer. Its position in the intake area for Wellard Village Primary School and Gilmore College serves families seeking space and amenity without school choice friction. The 22m ground elevation and 6m roof height provide views and privacy not typical in the suburb, supporting a premium over the estimated $1,419,000 value. This property best suits a buyer who values land size and a move-in-ready home over proximity to the city centre.
The bushfire overlay is a material risk, likely increasing insurance costs and limiting some landscaping or development options. The 9% building coverage on a large lot suggests the house is modest relative to the land, which may appeal to those wanting outdoor space but could deter buyers seeking a larger dwelling. The 2011 purchase price of $550,000 indicates significant land value appreciation, but the current listing at $1,499,000 sits near the top of the estimated range, requiring a buyer to justify the premium. Reliable NBN and 5G connectivity support remote work. Hold for land value growth or consider future subdivision if zoning permits.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Wellard is a high-growth southern corridor suburb attracting young families and first-home buyers with its relative affordability and established commuter rail link. Strong demand from this demographic, alongside investor interest in a tight rental market, has driven robust house price appreciation. Recent sales activity remains brisk, reflecting sustained market momentum. Future growth is underpinned by ongoing population expansion from new estates and proximity to southern employment hubs, though affordability constraints and the potential for increased development supply present moderating influences.