7 Rice Place, Armadale WA 6112
7 Rice Place, Armadale WA 6112
1972 house on 708sqm | 3 bed 1 bath 1 car | older street with larger lots | as-is sale condition | solar panels and patio enclosures
This property sits within an established residential street where older detached houses on generous lots are the dominant character. The 708 square metre land size is a meaningful advantage over modern infill lots, offering room for future expansion, a substantial yard, or potential reconfiguration. The 1972 build quality is straightforward and durable, typical of its era, and the presence of solar panels and enclosed outdoor areas suggests incremental upgrades rather than a full renovation. This house serves buyers seeking entry-level detached housing, value-add renovators, or those wanting a land bank in a mature suburb. The as-is condition signals limited vendor improvements, which positions this as a project or a property where a buyer can create their own value through targeted work.
The older building age may require attention to roofing, plumbing, electrical, or insulation systems, and the single bathroom configuration limits appeal for larger households or tenants expecting modern layouts. The as-is sale condition suggests the property has not been refreshed, so a buyer should budget for capital works beyond cosmetic updates. The absence of premium finishes means resale value will be driven primarily by land size and location rather than internal amenity. Solar panels provide an ongoing energy benefit but should be inspected for age and efficiency. The street’s established character supports stable demand, but without evidence of recent infrastructure uplift or zoning changes, price growth is likely to follow the broader suburb trajectory rather than outperform.
Detailed Independent Property Report prepared by PropCred Analyst team for 7 Rice Place, Armadale WA 6112
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Armadale presents as a high-growth, high-demand suburb within Greater Perth, with a market characterised by exceptionally rapid turnover and strong investor appeal. Demand is driven by a working demographic and investors attracted to robust rental yields and significant capital appreciation. Recent price trends show vigorous double-digit growth across both houses and units, supported by a fiercely competitive sales environment with properties transacting swiftly. Future momentum appears linked to this sustained investor demand and relative affordability, though the market’s sensitivity to interest rates and the potential for supply to meet this intense activity present key considerations.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
708m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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