45A Scarborough Beach Road, North Perth WA 6006

| Price jump in 2 years | survey strata on small lot | low rental cover | market turning quick The sharp price rise from its 2024 sale to current asking creates a valuation gap that needs justification from comparable sales, not just suburb momentum. The 155m² survey strata lot limits future subdivision potential and may constrain capital growth compared to full-title houses, while the estimated rental yield around 3.7% barely covers holding costs if rates rise. For an owner-occupier seeking a lock-and-leave home with no strata fees, this property makes sense as a lifestyle buy near Leederville amenities, but as an investment it demands rental growth of at least 5% annually to justify the entry price. What makes this house competitively rare is the combination of double-glazed windows, chef’s kitchen with Edison stone, and two dedicated car spaces on sub-200m² land a layout that suits downsizers or professionals who value design over yard space. The ground floor bedroom offers flexible use for guests or home office, a feature uncommon in new builds this size, and the survey strata structure removes ongoing levies. This property serves best a buyer prioritising modern finishes and low-maintenance living over land bank, who is prepared to pay a premium for turnkey condition in a tightening market. The sales data shows a 278% increase from 2024 purchase to current estimate, which is extreme for one year but aligns with North Perth’s 2-bed median of 1.187m. If comparable recent sales around 900k-1.1m exist, the current ask needs evidence of superior specifications or location to stick. Review the agent’s sold data for similar 155m² lots before making an offer.