Current Market Valuation
Estimated market value: $755,000 (PropTrack estimate, High Confidence, last updated 16 June 2025)
Notes: The property's estimated value has increased by 67.4% since it last sold in 2017. The current asking price of 'Offers From $779,000' is higher than the current estimated market value. The median price for 4-bedroom houses in Success ranges from $869,000 to $875,000 (May 2024-May 2025 data from various sources). Any new property features and information will be reflected in the next published estimated value on 25 June 2025.
Purchase History
November 18, 2017 - $445,000
Property Details
Type:
House
Bedrooms:
4
Bathrooms:
2
Land (sqm):
376
Car/Garage:
2 car spaces (double garage with remote access, rear lane access)
Estimated weekly rent:
$725 per week (PropTrack estimate, High Confidence, last updated 16 June 2025)
The estimated rental income is in line with the suburb's median rent for houses, which ranges from $720 to $750 per week. The low vacancy rate in Success (0.4%) indicates strong rental demand and potential for quick occupancy.
Rental vacancy rate:
0.4% (Success, December 2023). Perth's vacancy rate was 2.3% as of February 2025, with a balanced market typically ranging from 2.5% to 3.5%.
Council rate:
Approx. $1,700 per annum (estimate based on comparable properties in Cockburn LGA; City of Cockburn announced a 4% rates increase for 2024-25, actual rates vary based on Gross Rental Value)
Water rate:
Approx. $1,385 per annum (estimate based on comparable properties in Cockburn LGA; water use charges are tiered, and a fixed annual service charge of $275.70 applied in 2022-23 with a 2.5% increase from July 1, 2024)
Strata fee:
Not applicable (house)
Home and content insurance price:
Requires a direct quote based on specific property and contents value.
Zoning Information
LGA:
City of Cockburn
Zoning:
Residential
Bushfire:
Not detected
Flood:
Not detected
Heritage:
Not detected
Potential Developments in the Area
State Government:
No specific major state government projects directly impacting this property were identified, however, the State Government influences planning schemes and larger infrastructure projects within the Cockburn region.
Local Government:
The City of Cockburn has various structure plans and ongoing development projects within the wider Cockburn area (e.g., Cockburn Central East/North, Port Coogee).
Recent market reports indicate that while new residential stock is planned in Success, houses remain undersupplied, which could continue to support price growth.
Location 15 Frankenia Turn, Success WA, Australia
Suburb Performance
Median Price History
Success has shown strong capital growth for houses. Median house prices have increased significantly over the past year and two years. The market conditions in Success favour sellers due to high demand and undersupply of houses.
May 2024 - May 2025 (All Houses) | $820,000
May 2024 - May 2025 (4 Bed Houses) | $875,000
Q4 2023 (All Houses) | $690,000
Past 12 months (All Houses) | $800,000
Current Median Listing (All Houses) | $750,000
12-Month Growth Insight
Houses in Success have seen an annual capital growth of 14.3% (May 2024-May 2025).
The median listing price for houses in Success changed by 24.37% over the past year and 41.77% over two years.
Annual capital growth for houses in Success is 22.05% based on data up to March 2025.
Median sale price change (1yr) for houses in Success is 23.1%.
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