8 Bonneville Way, Joondalup WA 6027
8 Bonneville Way, Joondalup WA 6027
R60 subdivision potential | 4-bed on 675m² | tenanted at $830/wk | wide frontage | established-family-house profile
Positioned in an established Joondalup pocket, this house is offered with a four-bedroom layout on a rectangular 675 m² site with a wide frontage and R60 zoning. The build is basic and dated, but the land component is carried as the real strength. This property is best suited to an owner-occupier wanting renovation scope, or an investor who can use the existing tenancy at $830 per week while holding for redevelopment. The value is found in combining rental income with subdivision potential, not in the current presentation.
Appeal may be limited by age and condition, and the single bathroom is a real constraint. Subdivision is not assured until council approval is confirmed, and planning controls need to be weighed. Settlement timing may be affected by the periodic lease. The redevelopment premium a buyer is willing to pay might be influenced by these factors.
Detailed Independent Property Report prepared by PropCred Analyst team for 8 Bonneville Way, Joondalup WA 6027
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Joondalup holds a strong position as Perth’s northern commercial and education hub, supported by expanding transport links and infrastructure. Demand is led by young professionals and students seeking apartments, families buying townhouses and single-family homes, and investors drawn to the employment base in health and education. House prices reached a median of $928,500 with 8.3% annual growth, while units rose a sharp 17.5% to $587,500. Selling is brisk, with houses spending just 9–11 days on market and annual sales volume at 134. Rental conditions are tight: houses yield 4.48% on $700 weekly rent, and units yield 5.35% at $620. Future growth is anchored by ongoing infrastructure upgrades and amenity expansion, though volatility, over-development potential, and seasonal price swings remain constraints.
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PropCred Estimated Value
Comparable Sales: 7 Bonneville Way, 3bd 2ba, 632 m², sold Jun 2025 | Property Price Band: $900K to $1.0M | Value Drivers: R60 subdivision potential, land size and wide frontage, current rental income
Bedrooms
4
Bathroom
1
Parking
2
Land
675m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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