7/89-91 Kelvin Street, Maylands WA 6051
7/89-91 Kelvin Street, Maylands WA 6051
3 bed townhouse | 177m² land | 124m² internal | mid-size attached stock | strong rental demand
This townhouse occupies a practical middle ground in Maylands’ attached housing market. At 124m² internal with three bedrooms and two bathrooms, it offers more room than the compact villas scattered along Kelvin Street, while the 177m² land component keeps maintenance manageable. The configuration suits first-home buyers wanting space without a full house footprint, downsizers seeking single-level practicality, or investors chasing the suburb’s balanced owner-renter mix. Its position near Maylands Peninsula Primary School and the Swan River foreshore adds everyday liveability, and the area’s active turnover suggests steady buyer interest rather than a stagnant market.
The property’s value may hinge on how its finishes and layout compare to newer or renovated stock nearby. The single car bay could feel tight for households with two vehicles, and the townhouse format typically offers less privacy than detached homes on larger lots. Rental demand in the area appears healthy, with similar units drawing consistent tenant interest, which may support an investment purchase. However, the absence of confirmed renovation history or building age means condition should be inspected carefully. The 2013 last sale date suggests limited recent price history, so current market positioning may rely heavily on presentation and how the interior compares to competing listings. Buyers should weigh the trade-off between land efficiency and lifestyle expectations when forming a price view.
|| Comparable Sales: 7/26 Kelvin Street villa sold with 78m² land; 5/74 Kelvin Street house on 298m² | Property Price Band: $600K–$700K | Value Drivers: internal condition, layout functionality, land size relative to local attached stock
Detailed Independent Property Report prepared by PropCred Analyst team for 7/89-91 Kelvin Street, Maylands WA 6051
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Maylands, an inner-Perth suburb, draws demand from young professionals aged 30-39; population rose 4.95% from 2016 and household incomes are high. House prices have climbed 23.8-31.4% annually to $1.09M-$1.27M, while units grew 18.3-22.3% to $550k-$600k. Market conditions are tight: houses sell in 10-13 days. Rents are firm at $750/week for houses and $595/week for units, with yields of 3.4-3.6% and 5.4-5.6% respectively. Transport connectivity underpins future demand, as does continued population growth. Constraints remain: affordability is stretched, with median monthly mortgage payments of $2,410 in Perth’s top 26%, and 30.1% of stock is rentals, leaving the suburb exposed if tenant demand weakens.
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PropCred Estimated Value
Comparable Sales: 7/26 Kelvin Street villa sold with 78m² land; 5/74 Kelvin Street house on 298m² | Property Price Band: $600K–$700K | Value Drivers: internal condition, layout functionality, land size relative to local attached stock
Bedrooms
3
Bathroom
2
Parking
1
Land
177m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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