7 Penzance Terrace, Mindarie WA 6030
7 Penzance Terrace, Mindarie WA 6030
4-bed 3-bath compact coastal house | solar and whole-house filtration | garage with cellar storage | small 282m² lot | high $1m price band
This house is positioned as a higher-spec, low-maintenance coastal product in a marina-adjacent suburb with tight land supply. A strong amenity density is delivered by the four-bedroom, three-bathroom layout on a compact 282 m² footprint, suiting family buyers and downsizers who want convenience and modern inclusions over outdoor space. Whole-house water filtration, solar panels, reverse-cycle air conditioning, and garage storage with a cellar are considered practical upgrades that reduce ongoing costs and add daily functionality. A lock-and-leave lifestyle near beaches, the marina, and schools is expected to appeal to owner-occupiers, rather than investors chasing land yield.
The appeal of this house may be limited by the compact lot for buyers wanting a traditional backyard, and the rental yield might be reduced by the high purchase price. The sale speed could be influenced by condition, presentation, and cellar functionality, and a price view should be formed by weighing modern inclusions against minimal outdoor space.
>> Comparable Sales: 2/19 Penzance Terrace sold for $1,000,000 in Dec 2025 | Property Price Band: $1.2M–$1.3M | Value Drivers: modern inclusions, cellar storage, coastal convenience
Detailed Independent Property Report prepared by PropCred Analyst team for 7 Penzance Terrace, Mindarie WA 6030
Checks found:
Value Risk
✕
2
Liquidity Risk
✓
Planning Risk
!
1
Income Risk
✓
Execution Risk
✓
Market Insight
Mindarie, in Perth’s Wanneroo LGA, is a premium market: the median house price is $1,230,000, well above Western Australia’s $821,931. Annual growth comes in at 16.19% (Your Investment Property Magazine) or 8.6% (Property.com.au), the spread reflecting how rapidly conditions have shifted. Inventory is thin-five listings last month-and turnover tight, with 115–153 house sales in the past year and typical selling times of 13–16 days. Professionals lead demand, with Clarkson rail access and strong rental levels underpinning future growth; large houses reach $970 per week. Affordability is the clear constraint; the premium over the state median plus low stock depth leaves the market vulnerable if rate-sensitive buyers retreat.
PropCred Estimated Value
Bedrooms
4
Bathroom
3
Parking
2
Land
282m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst