77 Mulligan Drive, Greenwood WA 6024
77 Mulligan Drive, Greenwood WA 6024
4-2-2 on 874m² | older family stock | leafy established pocket | strong owner-occupier | school catchment
The property is positioned as a solid family house on a land area that is notably larger than much of the surrounding stock. Its four-bedroom, two-bathroom configuration is suited to a renovator or a growing household, with generous interior and outdoor space. The established suburb character, including mature streets and local schools, contributes to a stable, family-oriented environment. The strong owner-occupier presence on the street is viewed as a positive indicator of low turnover and consistent demand. For a buyer seeking a project, this house is considered a practical base, offering scope to add value through updating or extending while preserving the benefits of an older, well-planned layout.
Value may be affected by the condition of the original structure; a 1970s build might need roofing, wiring, or plumbing updates. The land’s subdivision potential could be influenced by zoning and access, which should be confirmed. Presentation might also impact price, as many buyers prefer move-in-ready homes. These factors may offset the large land advantage.
Detailed Independent Property Report prepared by PropCred Analyst team for 77 Mulligan Drive, Greenwood WA 6024
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Greenwood is a well-connected northern Perth suburb, close to the Mitchell Freeway, Warwick and Joondalup stations, with planned road upgrades ahead. Demand comes chiefly from families aged 30–39, many with mortgages and middle-income jobs, drawn by strong local employment and high-rated schools including Greenwood Primary, Greenwood College and Carine Senior High. House prices have climbed 8.5–13.4% annually to $880,000–$944,000, with median selling time just 11 days and only four recent listings, underscoring severe supply pressure. Rental growth of 7.1% and infrastructure spending support further gains. The key risks are affordability erosion and interest-rate sensitivity: 56% of owners are mortgaged, and thin inventory could amplify any slowdown.
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PropCred Estimated Value
Comparable Sales: 47 Mulligan Dr $999k; 3-bed on 747m² $970k | Property Price Band: $1.0M-$1.1M | Value Drivers: land, renovation, presentation
Bedrooms
4
Bathroom
2
Parking
4
Land
875m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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