99A Richardson Street, Boulder WA 6432

99A Richardson Street, Boulder WA 6432
3-bed, 1-bath compact house | 506 m² block with rear-lane access | New roof and carpets already done | Strong rental appraisal for its size | Interior still needs finishing work This property sits in a practical, working-suburb segment where older detached housing on manageable blocks is the norm. What stands out is the timing of the improvements—the new iron roof and new carpets are recent, meaning the two most expensive and disruptive updates are already handled. The compact 77 m² layout is modest, but it suits a first-home buyer or an investor looking for low-maintenance rental yield without the premium of a full renovation. The rear-lane access and off-street parking add everyday utility that many similar houses lack, and the split-system air conditioning covers the climate basics. It is not a showpiece, but it is a sensible, move-in-ready shell that needs only cosmetic finishing to reach its full rental or resale potential. The buyer this serves best is someone comfortable with a weekend of painting and minor detailing, not someone expecting a polished turnkey home. The unfinished internal paint is the main factor that might shape the final price. Because the undercoat is done, the remaining work is straightforward but still requires time and effort, which could be used as a negotiating point. The updated kitchen and neat bathroom are functional rather than premium, so they will not command a top-end premium but they do remove the risk of immediate replacement costs. The 506 m² block is on the smaller side for the street, which may limit upside compared to larger parcels, but it also keeps the entry price accessible. Rental demand for modest older housing in the area appears steady, and the appraisal of $550 to $580 per week suggests the property can generate meaningful income once the cosmetic work is completed. A buyer should weigh the cost of finishing the paint and any personal upgrades against the rental return and the relatively low maintenance burden going forward. || Comparable Sales: 129 Richardson Street sold at $280,000; 139 Richardson Street sold at $520,000 | Property Price Band: $300,000–$400,000 | Value Drivers: recent roof and carpet replacement, compact but functional layout, rear-lane access and off-street parking
Detailed Independent Property Report prepared  by PropCred Analyst team for 99A Richardson Street, Boulder WA 6432
Checks found:
Value Risk 2
Liquidity Risk
Planning Risk
Income Risk 2
Execution Risk
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Market Insight

This suburb presents a compelling entry point for investors, anchored by exceptionally strong rental yields for both houses and units. Demand is currently robust, evidenced by houses selling rapidly, indicating a tight and active market. Recent price performance for houses has been exceptionally strong, though the unit segment shows divergent trends. Future growth will depend on sustaining this demand momentum against potential headwinds from broader economic conditions.
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PropCred Estimated Value

Comparable Sales: 129 Richardson Street sold at $280,000; 139 Richardson Street sold at $520,000 | Property Price Band: $300,000–$400,000 | Value Drivers: recent roof and carpet replacement, compact but functional layout, rear-lane access and off-street parking

Bedrooms

3

Bathroom

1

Parking

-

Land

506m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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