7/6 Fragrant Gardens, Mirrabooka WA 6061
7/6 Fragrant Gardens, Mirrabooka WA 6061
Compact 2-bed house | 189m² lot | Mirrabooka fringe | downsizer or investor appeal | reserve nearby
This is a genuinely compact house for Mirrabooka, where most detached stock sits on much larger blocks. The 98m² floorplan is efficient rather than generous, and the small lot means low maintenance — a real advantage for someone wanting a foothold in the suburb without taking on a big garden or a high entry price. The configuration suits a downsizer leaving a family home, a first-home buyer wanting something manageable, or an investor chasing rental demand in a suburb with active turnover. Being near the Fragrant Gardens reserve adds everyday liveability, and the street’s mix of standard houses and retirement-living stock suggests a settled, mixed neighbourhood rather than a transient one.
The lot size may be the main factor shaping value here. At 189m², it is noticeably smaller than the classic Mirrabooka block, which could limit appeal for buyers expecting a traditional detached-house footprint. The property’s age and finish level are not confirmed, so condition could swing the final price either way. A dated interior might require a renovation budget, while a well-presented home could justify the asking range. Parking is a single car space, which may be tight for a household with two vehicles. The absence of a stated aspect or floor-level details means orientation and natural light are unknowns worth checking in person. These factors may influence how quickly it sells and what buyers are willing to offer, but they do not undermine the property’s core practicality.
|| Comparable Sales: 18 Fragrant Gardens sold near $861K for a larger 4-bed house; 9 Farnesian Circle near $810K for a 3-bed | Property Price Band: $550K–$650K | Value Drivers: compact lot, condition and finish, proximity to reserve and primary school
Detailed Independent Property Report prepared by PropCred Analyst team for 7/6 Fragrant Gardens, Mirrabooka WA 6061
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Mirrabooka is a tightly held suburb with strong owner-occupier presence, where demand is driven by affordability and high rental yields. The market is characterised by rapid price appreciation and exceptionally fast sales, particularly for houses, indicating intense competition among buyers. Future growth is underpinned by its relative value, though its sensitivity to mortgage costs and limited stock turnover present inherent market constraints.
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PropCred Estimated Value
Comparable Sales: 18 Fragrant Gardens sold near $861K for a larger 4-bed house; 9 Farnesian Circle near $810K for a 3-bed | Property Price Band: $550K–$650K | Value Drivers: compact lot, condition and finish, proximity to reserve and primary school
Bedrooms
2
Bathroom
1
Parking
1
Land
189m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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