69 Waddington Cres, Koondoola WA 6064
69 Waddington Cres, Koondoola WA 6064
Older brick house on large block | Subdivision and renovation potential | Strong rental demand | Family-oriented street | Priced for land value
This property presents as a classic Koondoola holding, where the land is the primary driver and the house is the secondary consideration. The street is established with similar aged homes, and the configuration is consistent with the area’s typical single-storey, three-to-four bedroom layout on a generous lot. The price point signals that the value is tied to the block’s redevelopment upside, which makes it a strong fit for buyers looking to renovate, hold for future subdivision, or secure a solid rental with good yield. The location serves families well, with schools and bushland within easy reach, and the road network offers practical commuting options. For an owner-occupier wanting a move-in-ready home, the appeal may be limited by the older finishes, but for an investor or a renovator, this is a property with clear, tangible potential.
The condition of the interior and the exact state of the kitchen and bathroom will heavily influence how the property is perceived, as will the precise land measurement and any zoning flexibility that might allow for future development. The market here is driven by land value and the potential to add value through renovation or redevelopment, so the final price may hinge on how much work a buyer is willing to take on. Rental demand for this style of house is solid, which supports the price point, but the lack of premium finishes means the property might not appeal to buyers seeking a polished, contemporary home. The orientation and the layout of the block could also affect its suitability for a future subdivision, so a careful inspection of the site is worthwhile.
|| Comparable Sales: 43 Waddington Crescent sold for $850,000, 70 Gabell Way sold for $800,000 | Property Price Band: $800,000–$900,000 | Value Drivers: Land size and subdivision potential, condition and renovation needs, rental yield strength
Detailed Independent Property Report prepared by PropCred Analyst team for 69 Waddington Cres, Koondoola WA 6064
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Koondoola offers a highly accessible lifestyle defined by modern family infrastructure, expanding retail hubs, and extensive parklands, making it a magnet for first-home buyers and growing families seeking space and value. This strong demographic demand has driven consistent, volume-led price growth over the past year, cementing its appeal for both owner-occupiers and long-term investors. While the suburb provides excellent community amenities, buyers should watch out for the ongoing pipeline of new land releases nearby, which can occasionally moderate rapid short-term capital gains.
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PropCred Estimated Value
Comparable Sales: 43 Waddington Crescent sold for $850,000, 70 Gabell Way sold for $800,000 | Property Price Band: $800,000–$900,000 | Value Drivers: Land size and subdivision potential, condition and renovation needs, rental yield strength
Bedrooms
3
Bathroom
1
Parking
1
Land
718m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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