230 Swan Street, Yokine WA 6060

4 bed, 3 bath, 234sqm build | 291sqm land, Yokine | Two living zones, ducted cooling | Strong rental yield near $1000pw The property presents a rare configuration advantage for Yokine: a full four-bedroom, three-bathroom house on a compact 291sqm lot with two separate living areas, which is uncommon in this price bracket. The 2004 build quality with floorboards, built-in robes, and ducted heating and cooling removes the need for immediate capital outlay, while the balcony and courtyard extend usable space despite 80% building coverage. This property suits a buyer who prioritises low-maintenance living and strong rental return—the $975pw high-confidence estimate implies a gross yield near 3.4%, well above Yokine’s suburb median. The NBN FTTP connection is a supporting convenience but not a primary driver here. The main risk is the small land component—291sqm with 80% coverage leaves minimal redevelopment upside, capping future capital growth to market movement rather than land banking. The current estimated value of $1.507m sits near the top of the medium-confidence range, meaning the buyer pays a premium for the finished interior and yield profile rather than scarcity of dirt. However, the street’s 85% owner-occupier profile and 13% annual growth on a recent sale suggest stable demand. This is a hold-and-collect property: buy for the cash flow and convenience, not for subdivision or speculative gain.