7/115 Edward Street, Osborne Park WA 6017
7/115 Edward Street, Osborne Park WA 6017
2 bed villa | low strata fees | private courtyard | Main Street proximity | entry-level price point
This is a straightforward, low-maintenance villa that competes on practicality rather than polish. The 2×1 layout with a renovated bathroom and laundry, gas kitchen, and split-system air conditioning covers the essentials without excess. Its real edge is the setting: a quiet, well-kept complex near Main Street’s cafes, Glendalough Station, and the freeway, which makes it genuinely convenient for first-home buyers or investors wanting easy access to the city. The pet-friendly courtyard and covered carport add everyday usability, and the modest strata levies keep ongoing costs predictable. For someone prioritising location and simplicity over space or premium finishes, this property sits comfortably within Osborne Park’s entry-level villa stock and should attract steady interest from practical owner-occupiers and rental investors alike.
What may shape its value most is the balance between its dated presentation and its functional upgrades. The kitchen works well but lacks the stone benchtops or high-end appliances found in renovated villas nearby, so buyers might factor in a future refresh. The lack of disclosed aspect or precise lot size could also temper expectations, though the natural light and courtyard mitigate that. Its price point, relative to other 2×1 villas in the same street, may reflect condition differences rather than location weakness. Buyers should weigh the simplicity of the layout against the convenience of the suburb, and consider whether the low strata fees offset the need for any cosmetic updates down the track.
|| Comparable Sales: 7/121 Edward Street listed mid-to-high $600k range; 191C Edward Street luxury villa higher benchmark | Property Price Band: $400k–$500k | Value Drivers: renovated bathroom and laundry, low strata levies, Main Street and transport proximity
Detailed Independent Property Report prepared by PropCred Analyst team for 7/115 Edward Street, Osborne Park WA 6017
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Osborne Park, 8km from Perth, is a tightly held market led by young professionals aged 20-29; 58% of owners have mortgages and 41% are renters. Demand is driven by severe supply scarcity: 91 buyers per listing and advertised stock 45% below the five-year average. House prices show strong momentum, with a median of $918,000 (22.4% annual growth), though an alternative measure of $756,050 reflects a thin sales count of 26-40 transactions. Units are outperforming, with listing prices up 42.7% to $392,500 and gross yields of 5.96% versus 4.89% for houses. Vacancy sits at 0.58% and median house rents are $750 weekly. Future growth hinges on the supply deficit and rising unit demand; the key constraint is low transaction volumes tempering price growth.
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PropCred Estimated Value
Comparable Sales: 7/121 Edward Street listed mid-to-high $600k range; 191C Edward Street luxury villa higher benchmark | Property Price Band: $400k–$500k | Value Drivers: renovated bathroom and laundry, low strata levies, Main Street and transport proximity
Bedrooms
2
Bathroom
1
Parking
1
Land
2022m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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