9 Bresnahan Place, Marangaroo WA 6064
9 Bresnahan Place, Marangaroo WA 6064
Large 708sqm block | Low turnover pocket | Long-term hold since 1994 | Fast-moving market context | Renovation/land value play
The property’s primary competitive advantage lies in its substantial 708-square-metre land holding within a small, low-turnover pocket. This configuration is increasingly rare for a 3-bedroom house in Marangaroo, offering immediate land value that appeals to buyers seeking renovation potential or future subdivision options. The long ownership period since 1994 suggests a well-maintained core structure, and the current market’s rapid turnover-averaging nine days-indicates that well-priced homes attract strong buyer interest. This property is best suited to those who prioritise land size over internal finish and are prepared to invest in upgrades.
Risks centre on the single bathroom and single car space, which may limit appeal to families requiring more convenience. The property’s age and lack of recent renovation could necessitate significant capital outlay, and the auction clearance rate of zero per cent in the area suggests that buyer competition is not driven by auction dynamics. However, the opportunity lies in the property’s land-to-price ratio relative to the local median; with a price guide around the upper end of the three-bedroom market, the buyer is effectively paying for location and land rather than a turnkey home. A thorough building and pest inspection is recommended to assess structural condition, but for the patient buyer, this represents a solid entry into a street with limited supply.
Detailed Independent Property Report prepared by PropCred Analyst team for 9 Bresnahan Place, Marangaroo WA 6064
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
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Market Insight
Marangaroo presents as a tightly held, family-oriented suburb in Perth’s north, characterised by robust demand and rapid sales. The market is driven by local trades and established families, supported by stable population fundamentals and strong rental appetite. Recent price growth has been significant, with houses transacting swiftly, indicating a competitive environment with limited supply. Future momentum is underpinned by Perth’s broader regional strength, though affordability pressures for entry-level buyers and sensitivity to interest rate movements present notable constraints to sustained growth at current levels.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
708m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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