7 Woodbine Terrace, Mirrabooka WA 6061

7 Woodbine Terrace, Mirrabooka WA 6061
4 bed on 691m² lot | 8 total car spaces | 1990 build | bushfire overlay | Mirrabooka This house presents a strong land-value proposition, with its 691-square-metre lot and exceptional eight-car capacity offering functional rarity in its market. The configuration suits large or multi-generational households requiring significant parking and outdoor space. Its position within the Boyare Primary catchment adds stability for a specific buyer segment, while the absence of flood or heritage constraints simplifies potential use. The property is best suited to a buyer prioritizing land size and utility over modern finishes. The bushfire overlay imposes specific construction and insurance obligations, adding complexity and cost to any future development. The single bathroom limits appeal against newer stock, pressuring capital growth. However, the large lot provides a clear opportunity for subdivision or extension, subject to council approval, offering a value-add pathway. Acquire this for its land bank potential, not its 1990-built improvements, and budget for immediate bushfire compliance due diligence.

Independent, Unbiased Research from  our PropCred Analyst team 

Market Insight:

Mirrabooka is a tightly held suburb with strong owner-occupier presence, where demand is driven by affordability and high rental yields. The market is characterised by rapid price appreciation and exceptionally fast sales, particularly for houses, indicating intense competition among buyers. Future growth is underpinned by its relative value, though its sensitivity to mortgage costs and limited stock turnover present inherent market constraints.

PropCred Estimated Value

Bedrooms

4

Bathroom

1

Parking

2

Land

691m²

Built

Recent Assessments