7A Morrison Street, Maylands WA 6051
7A Morrison Street, Maylands WA 6051
Modern two-storey green-title house | 247m² with R50 zoning | walk-to-station lifestyle pocket | executive rental demand around $1,000/week
What stands out here is the combination of a genuinely modern build with green-title ownership in a suburb where much of the housing stock is older and strata-titled. The 2008 construction means you are getting contemporary finishes like stone benchtops, ducted reverse-cycle air conditioning and a proper theatre room, without the compromises that often come with period homes. The 247m² footprint is compact, but the two-storey layout uses it efficiently, and the double garage plus secure gated entry adds a layer of practicality that many similar properties lack. With R50 zoning and that walk-to-station position, this suits a professional couple or small family who want low-maintenance living with genuine urban convenience, or an investor targeting the upper end of Maylands rental market.
The small land size is the main factor to weigh when forming a view on price. At 247m², outdoor space is limited and future extension options are constrained, which may cap long-term capital growth compared to larger lots. The R50 zoning suggests the area is positioned for higher density, which could mean future development nearby that might affect privacy or outlook. The city glimpses from the master suite are a nice touch but not a guaranteed view corridor, so that should be treated as a bonus rather than a core value driver. Rental demand appears strong given the station and cafe precinct within walking distance, and the green-title status removes strata fees, which adds to holding-cost appeal. The property may also attract downsizers wanting modern single-level convenience, though the two-storey layout means stairs are a consideration for that group.
|| Comparable Sales: 5/39 Seventh Avenue sold at $690k (3×1 unit), 2/28 Seventh Avenue sold at $480k (2×1 unit) | Property Price Band: $900k–$1.0M | Value Drivers: modern condition and finishes, green-title status, walkability to station and amenities
Detailed Independent Property Report prepared by PropCred Analyst team for 7A Morrison Street, Maylands WA 6051
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Maylands, an inner-Perth suburb, draws demand from young professionals aged 30-39; population rose 4.95% from 2016 and household incomes are high. House prices have climbed 23.8-31.4% annually to $1.09M-$1.27M, while units grew 18.3-22.3% to $550k-$600k. Market conditions are tight: houses sell in 10-13 days. Rents are firm at $750/week for houses and $595/week for units, with yields of 3.4-3.6% and 5.4-5.6% respectively. Transport connectivity underpins future demand, as does continued population growth. Constraints remain: affordability is stretched, with median monthly mortgage payments of $2,410 in Perth’s top 26%, and 30.1% of stock is rentals, leaving the suburb exposed if tenant demand weakens.
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PropCred Estimated Value
Comparable Sales: 5/39 Seventh Avenue sold at $690k (3×1 unit), 2/28 Seventh Avenue sold at $480k (2×1 unit) | Property Price Band: $900k–$1.0M | Value Drivers: modern condition and finishes, green-title status, walkability to station and amenities
Bedrooms
3
Bathroom
2
Parking
2
Land
247m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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