7/3 Park Road, Midvale WA 6056
7/3 Park Road, Midvale WA 6056
2 bed 1 bath villa | 1989 build on compact lot | parking count unclear between sources | sold 2024 for $415k | estimated value divergence noted
This villa sits within an established low-rise complex built in 1989, a period that typically offers solid construction and reasonable floor plans compared to much older stock. Its single-level ground-floor configuration is practical for downsizers or those seeking easy access, and the 198-square-metre lot is consistent with compact villa living rather than detached housing. The property last transacted in 2024 at $415,000, which placed it at an accessible price point for first-home buyers and investors targeting older strata product. The mix of two- and three-bedroom units in the immediate pocket suggests this is a modestly sized home within a functional, low-maintenance complex. Buyers who prioritise established suburb character and a straightforward layout over modern finishes may find this a sensible option.
The conflicting parking information between sources introduces uncertainty around the property’s practical appeal, as a single carport versus two spaces can meaningfully affect convenience and resale interest. The 2024 sale price of $415,000 sits well below the estimated value of $670,000 from one source, which may reflect either a rapid market shift or data inconsistency. Being part of a 14-lot strata complex built in the late 1980s, potential buyers should consider the age of common property infrastructure and any upcoming special levies. The absence of detailed internal condition information means the actual state of finishes and fixtures remains unknown, which could influence both renovation costs and final value.
Detailed Independent Property Report prepared by PropCred Analyst team for 7/3 Park Road, Midvale WA 6056
Checks found:
Value Risk
!
1
Liquidity Risk
✓
Planning Risk
!
1
Income Risk
✓
Execution Risk
✕
2
Market Insight
Midvale is a tightly held, family-oriented suburb experiencing exceptional capital growth, driven by strong owner-occupier demand for established houses. The market is characterised by rapid sales and critically low rental vacancy, reflecting intense competition for limited stock. Future growth is underpinned by this persistent supply-demand imbalance, though affordability pressures and interest rate sensitivity present notable constraints for both new entrants and the majority of mortgaged owners.
PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
198m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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