Estimated market value: Approximately $818,000 to $856,000
Notes: Estimated value based on available property data and comparable sales. One source indicates a 3-bedroom, 2-bathroom house with no parking space , while others specify 4 bedrooms, 2 bathrooms, and 2 parking spaces . This discrepancy affects valuation accuracy. The property has a land size of 496 sqm. The suburb median sale price for houses over the last year is $822,500 or $820,000.
Type:
House
Bedrooms:
4
Bathrooms:
2
Land (sqm):
496
Car/Garage:
2 parking spaces (some sources indicate 'no parking space', but newer/more comprehensive sources suggest 2)
Estimated weekly rent:
$730 per week
Estimated based on available property data. The median rent for houses in Success is around $720 - $740 per week.
Rental vacancy rate:
0.4% in Success as of December 2023, significantly below the healthy benchmark of 3.0%. Perth's rental vacancy rate was 2.5% in March 2025.
Council rate:
Subject to City of Cockburn's annual budget. In 2023-24, the increase was 4.5%, and for 2024-25, it's a 4% increase for households. The exact amount varies based on property value (Gross Rental Value).
Water rate:
Varies based on consumption and a service charge. As of July 1, 2024, a 2.5% increase applies to water use charges. A single uniform service charge for households was $275.70 for the 2022-23 financial year. Quantity charges are based on metered water usage with tiered pricing.
Strata fee:
Not applicable (house, not a strata property)
Home and content insurance price:
Highly variable. For a typical 4-bedroom, 2-bathroom freestanding brick veneer home in Perth, average indicative home and contents insurance quotes were around $2,329.85 in December 2024 (up 5.26% from September 2024). General Australian averages for home insurance in 2024 are around $2,000. Factors like location (bushfire-prone area), building materials, and sum insured affect the price.
LGA:
City of Cockburn
Zoning:
Residential
Bushfire:
Detected
Flood:
Not detected
Heritage:
Not detected
State Government:
Local Government:
Lake Treeby Master Plan – 469 Lots (due to commence construction in 2024)
Kentucky Court Apartments Stages 2 & 3 – 173 Apartments (due to commence construction in 2024)
13 Welford Way – 7 Dwellings (due to commence construction in 2024)
Cockburn Train Station - Train
Success has experienced significant capital growth for houses.
Last 12 months (May 2024 - May 2025) | $820,000 - $822,500
Q4 2023 | $690,000
Annual compound growth rate of 17.1% for houses (based on previous 12 months from a June 2024 source).
Annual capital growth of 23.08% for houses (up to February 2025).
Median house price up 14.3% (May 2024 - May 2025).
Median 3-bedroom house price up 20.4% (May 2024 - May 2025).
Median 4-bedroom house price up 13.6% (May 2024 - May 2025).
Average house vendor discounts between Q4 2022 and Q4 2023 continued to grow, to a premium of 3.1%.