Lot 53 Turner Road, Byford WA 6122
Lot 53 Turner Road, Byford WA 6122
Large 1690m² block in established area | Older 1974 home with expansion potential | Bushfire overlay requires due diligence | Zoned within top local school catchments
This propertys primary advantage is its substantial landholding in a suburb where newer subdivisions typically offer smaller lots, creating a scarcity premium for families seeking space. The established gardens and triple car accommodation cater to owner-occupiers needing utility over modern finishes, while its placement within sought-after government school zones solidifies its appeal to a specific demographic. The older build year suggests a functional rather than luxurious dwelling, positioning it for buyers valuing land content and location over turnkey condition.
Proceed with the understanding that the bushfire overlay necessitates specific insurance and potential retrofit costs, directly impacting holding expenses. The single bathroom format limits broader resale appeal against modern stock. The commercial logic lies in the land’s inherent value; the house is effectively a holding asset on a block ripe for future renovation or redevelopment. Acquire for long-term occupation with capital allocated for compliance and gradual improvement, not for short-term speculative gain.
Recent sales on Turner Road indicate a market benchmark. Seven properties transacted around $685,000, which contextualizes the current asking price of $825,000. This premium must be justified by this specific property’s larger land size and potential.
Detailed Independent Property Report prepared by PropCred Analyst team for Lot 53 Turner Road, Byford WA 6122
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Byford is a high-growth family suburb on Perths south-eastern fringe, characterised by strong owner-occupier demand from young families and trades-based households. This demographic is driving rapid price appreciation, supported by significant population growth and a tight sales market with very low days on market. Future expansion is underpinned by ongoing population influx and established local amenities, though high mortgage penetration indicates sensitivity to interest rate changes, and affordability pressures are emerging relative to local incomes.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
3
Land
1690m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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