7 Butter Gum Close, Serpentine WA 6125
7 Butter Gum Close, Serpentine WA 6125
4 bed 3 bath 5 car on 1.65 acres | 247 m² dwelling | semi-rural lifestyle acreage | family buyer profile
This property’s competitive edge is the combination of a substantial 247 m² dwelling with five-car parking on a 1.65-acre parcel, which is uncommon in the Serpentine market. Most comparable acreage homes in the area sit closer to 213 m² with four parking spaces, so this house offers more internal volume and vehicle storage than typical rural stock. The configuration suits a family that wants space for multiple cars, a workshop, or recreational vehicles without sacrificing a proper-sized home. It positions well above entry-level land offerings and modest rural houses, placing it in the higher-spec lifestyle segment where buyers are owner-occupiers seeking separation from Perth’s density, not investors chasing yield.
The asking range places this property in a segment where value will be driven by how the house compares to similar improved acreage homes, not raw land value. The 247 m² floor area and five-car capacity are genuine differentiators, but the absence of verified details on internal finishes, build year, and aspect means the final price may hinge on condition and presentation once inspected. The semi-rural setting implies lower walkability and reliance on driving, which may narrow the buyer pool to those specifically seeking acreage living. The nearby Tonkin Highway extension could improve connectivity and support future demand, though zoning and subdivision potential for this lot remain unconfirmed.
|| Comparable Sales: 22 Butter Gum Close sold at $1.5M–$1.6M; 25 Hillview Close listed around $1.4M | Property Price Band: $1.5M–$1.6M | Value Drivers: dwelling size, parking capacity, acreage lifestyle positioning
Detailed Independent Property Report prepared by PropCred Analyst team for 7 Butter Gum Close, Serpentine WA 6125
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
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Market Insight
Serpentine is a tightly held semi-rural locality where the circa 2016 population of 2,317 expanded 23.6% from 2011, pointing to sustained inward movement. Demand is led by established, higher-income households—concentrated in the 40–59 age bracket and working in trades—drawn to large detached stock on substantial blocks. The market is deep in vendor-favoured territory: the median house price sits at $1,241,000, with annual capital growth of 27.28% and 51 house sales in the past 12 months. Four-bedroom homes, the dominant product, transact at a $1.3M median across 31 sales, while achievable rent of $890 per week confirms strong owner-occupier preference over investment use. With no unit supply and a constrained sales pipeline, scarcity is a structural support. Future appreciation, however, will depend on continued demographic inflow and infrastructure delivery; the sharp recent growth lifts affordability risk and raises sensitivity to interest-rate changes, while reliance on a narrow buyer segment deepens vulnerability if trade incomes or access to credit soften.
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PropCred Estimated Value
Comparable Sales: 22 Butter Gum Close sold at $1.5M–$1.6M; 25 Hillview Close listed around $1.4M | Property Price Band: $1.5M–$1.6M | Value Drivers: dwelling size, parking capacity, acreage lifestyle positioning
Bedrooms
4
Bathroom
3
Parking
5
Land
1.65 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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