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Address

7 Pansy Street, North Perth, WA 6006

Investment Strategy

Renovator

Development Timeline

14/07/2023
Property Purchased
$670,000
05/03/2024
Property Sold
$1,185,000
See what it looks like today

Rental Insights

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Source: stashproperty.com.au

Development Stats

2024

Year of Development

232

days held

515

Gross Profit

About the Property

This captivating North Perth gem, meticulously renovated, offers a unique blend of timeless elegance and contemporary luxury. From the moment you arrive, experience true craftsmanship throughout this thoughtfully designed floorplan. The home seamlessly balances the allure of classic architecture with modern-day conveniences, creating a lasting first impression.

A Private Sanctuary:

The front of the house welcomes you with a spacious master bedroom. Featuring built-in robes and a charming, retro-inspired ensuite bathroom, it provides the perfect retreat for relaxation.

Flexible Living:

A third bedroom offers versatility, ideal for downsizers, young families, or professionals seeking a dedicated home office. This thoughtful separation of living and entertaining areas caters to various lifestyles.

Natural Light & Style:

Walking down the hallway, discover a light-filled second bathroom with a skylight, enhancing both aesthetics and functionality. Throughout the home, high-quality finishes like timber flooring, carefully chosen tiling, and a harmonious color palette contribute to its inviting warmth and distinct personality.

The Heart of the Home:

At the rear, the expansive open-plan entertainment area unfolds. The kitchen, featuring integrated European appliances and stone benchtops, seamlessly integrates with a cleverly designed breakfast bar, making it the heart of the home. Perfect for entertaining or enjoying quiet meals, this space thrives in both style and practicality.

Outdoor Oasis:

Step outside to the elevated timber decking area, offering a delightful outlook. Tree-lined streets and sweeping views of the impressive architecture of Aranmore Catholic Church create a memorable backdrop for gatherings with family and friends.

SEALS THE DEAL

This home boasts a proud streetscape location with laneway access, close proximity to the vibrant Angove Street café precinct, North Perth Primary School, and the beloved Bowls Club. It truly combines timeless elegance with the convenience of urban living.

Key features:

Last updated in March 2024
2 Bathrooms
3 Bedrooms
Built: 1950
Land size: 220m²
House
Additional features:

Building coverage: 86% (detected via satellite or aerial imagery September 2022 with 80% confidence)
Building size: 189m²
Ground elevation: 27m
Roof height: 6m
Council Rates: $1617.77 pa (approximate and subject to change)
Water Rates: $1209.35 pa (approximate and subject to change)

From the reiwa.com.au listing

Source: stashproperty.com.au

About the Suburb

North Perth, WA 6006, is a vibrant suburb with a population of 9,623. The demographic makeup is diverse, with a significant number of residents aged between 20 to 44 years. The suburb has a high median household income weekly. The top three occupations in the area are professionals, managers, and technicians/tradeworkers. Residents predominantly commute by motor vehicle, using public transport as well.

North Perth presents a mix of housing options with both houses and units available. The suburb has shown positive growth with a median growth rate above 7.0%. The market absorption rate is favourable, indicating high demand. The vacancy rate is low, making it attractive for investors. The sale price IQR suggests potential for renovators, especially in the unit segment with a higher IQR ratio. The suburb has strong rental demand, reflected in the room demand-supply ratio.

North Perth is a desirable suburb for both homeowners and investors alike. With its strong growth potential, low vacancy rates, and high rental demand, it presents opportunities for property development and investment. The suburb’s diverse demographic profile and proximity to amenities make it an attractive location for those looking to live in a vibrant community with good educational opportunities for students attending government schools.

Sources:
– proptechdata.com.au
– Australian Bureau of Statistics (ABS) Census 2021
– Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022

Suburb Median
Vacancy Rate
Sales Volume

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