7A Ranmore Way, Morley WA 6062
7A Ranmore Way, Morley WA 6062
Compact 4×2 on 302sqm | Priced under suburb median for this segment | Strong school proximity within 1km | Infill-style low-maintenance family house | Active local demand with quick turnover
This house offers a practical configuration for a family wanting four bedrooms and two bathrooms without the upkeep of a large block. The 302sqm land area positions it as a low-maintenance infill-style property, which suits buyers prioritising location and ease over yard space. Its placement within walking distance of both primary and senior high schools adds genuine everyday convenience, and the suburb’s recent sales activity suggests steady interest in this type of stock. The likely buyer is an owner-occupier seeking a functional family home, or an investor drawn to the rental appeal of a modern compact layout near amenities.
The smaller lot size may temper price growth compared to larger traditional blocks, and the absence of detailed information on finishes or build quality means condition should be verified in person. The asking range sits slightly below the broader four-bedroom median, which might reflect the land constraint or presentation level. Buyers should weigh the trade-off between a lower entry point and potentially limited outdoor space, while also considering that the property’s rental yield appears reasonable based on nearby lettings. The final price will hinge on how the internal presentation and street appeal compare to expectations for this segment.
|| Comparable Sales: 6 Mallee Pl sold $1.09M; 44 Paringa St sold $1.2M | Property Price Band: $0.9M–$1.0M | Value Drivers: land size, school proximity, internal condition
Detailed Independent Property Report prepared by PropCred Analyst team for 7A Ranmore Way, Morley WA 6062
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Morley, in Perth’s north-east, is a well-connected market with active demand. A significant share of residents are buyers, and a notable cohort is aged over 55. House prices have climbed 10.9–18.8% annually to a median of $845,000–$882,000; units rose 17.5–23.4% to $608,000–$617,000. Houses sell in 11 days on average, with 412 sales indicating tight conditions. Quick turnover and double-digit unit growth point to sustained interest, though affordability is constrained by incomes below the Greater Perth average and just 22 properties listed for sale last month. Rate rises are a significant risk, with a high rate of mortgage ownership.
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PropCred Estimated Value
Comparable Sales: 6 Mallee Pl sold $1.09M; 44 Paringa St sold $1.2M | Property Price Band: $0.9M–$1.0M | Value Drivers: land size, school proximity, internal condition
Bedrooms
4
Bathroom
2
Parking
2
Land
302m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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