7/10-12 James Street, Cannington WA 6107
7/10-12 James Street, Cannington WA 6107
3-bed villa in mixed low-rise pocket | Single bath, single car space | Large site quoted but data varies | Rental estimate implies ~4.8% yield
Three bedrooms are provided within a single-bath and single-car footprint, which is considered functional by current standards. A large quoted land parcel is associated with this villa, potentially shared across the complex, giving it a more spacious character than typical unit stock. The property is located in a mixed low-rise residential pocket where attached dwellings are common, and it is best suited to buyers seeking a lower-maintenance home with full bedroom count. A preference for this villa is often seen among first-home buyers, downsizers, and investors, as its estimated rent is supportive of a modest yield.
The value of this villa may be materially affected by its condition and internal finish, as these are not yet confirmed. Appeal among vehicle-owning households might be constrained by the single car space. A significant effect on price may be exerted by the land size variance, if the true parcel is smaller than quoted.
>> Comparable Sales: 1/10-12 James St 3/1/2 sold $415k in 2015; 2/10-12 James St 3/1/2 sold $400k in 2023 | Property Price Band: $600K to $700K | Value Drivers: condition, land size, layout
Detailed Independent Property Report prepared by PropCred Analyst team for 7/10-12 James Street, Cannington WA 6107
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
1
URL has been copied successfully!
Market Insight
Cannington, 10km from Perth in the City of Canning, is a compact commercial hub with strong buyer momentum. Demand is led by younger professionals aged 20-29 with bachelor qualifications and mid-to-upper incomes, drawn by proximity and commercial employment. House prices sit at $780,000 after 22.8% annual growth; units are $590,000 with 18% growth. Homes sell in a median 13 days, reflecting tight supply-just seven properties for sale against 85-86 annual house sales. Rental demand is firm: house rents rose 13% to $723 weekly, and unit yields hold at 5.3%. Population growth of 15.96% since 2016 supports sustained demand. Constraints include affordability and rate sensitivity: the median house price requires a high income multiple for typical buyers, and the 8-15 day selling range signals price exposure to tighter credit. Supply remains thin, risking further price pressure.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
1696m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!