7 Pirra Court, Craigie WA 6025
7 Pirra Court, Craigie WA 6025
Compact 3-bed villa | renovation opportunity | quiet strata complex | school catchment certainty | low-maintenance holding
This property offers a genuine point of difference in Craigie, where detached houses dominate the sales landscape. A 3-bedroom villa within a 26-unit complex provides buyers with an entry point into a well-established suburb at a lower price threshold than most houses, while still delivering three bedrooms and a functional layout. The quiet position within the complex, combined with proximity to shops, parks, and public transport, makes it particularly suitable for first-home buyers wanting to renovate gradually, investors seeking a low-maintenance rental, or downsizers prioritising convenience over space. Its placement in both Craigie Heights Primary School and Belridge Secondary College catchments adds practical appeal for families, though the substantial renovation requirement means the eventual value will be shaped significantly by the buyer’s own vision and budget.
The condition of this villa is the central factor influencing its price. Because internal finishes have not been publicly documented, buyers should factor in a meaningful renovation budget, potentially covering kitchen, bathroom, flooring, and redecoration. The modest 249 sqm total holding, including the exclusive-use area, limits outdoor space compared to detached houses, which may affect its appeal for those seeking a garden. The single carport is adequate but not generous for a household with multiple vehicles. The strata setting introduces shared responsibility for common areas, so reviewing the strata levies and management quality before committing is advisable, as these costs may influence holding expenses and long-term affordability.
Detailed Independent Property Report prepared by PropCred Analyst team for 7 Pirra Court, Craigie WA 6025
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Craigie is a northern Perth suburb with standard road links, where investor and owner-occupier demand drives a liquid market with 160 house sales in the past year. Median house price is $860,000, up 10.12% annually; three-bedroom homes are $857,500, four-bedroom $951,000. Units outperform: median $705,000, annual growth 16.5%, gross yield 5.43% versus 4.52% for houses. Houses sell in a median 11 days, indicating tight supply. Weekly rents are $700 for houses and $650 for units. However, limited public transport detail and absent school catchment or supply metrics leave affordability and rate sensitivity risks unquantified, as price growth outpaces the broader market.
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PropCred Estimated Value
Comparable Sales: similar villa sales in Craigie typically range $450K–$550K, with one 3-bed villa on a nearby court transacting near $490K | Property Price Band: $400K–$500K | Value Drivers: renovation condition, school catchment location, quiet complex setting
Bedrooms
3
Bathroom
2
Parking
1
Land
210m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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