46 Grover Way, Ellenbrook WA 6069

Modern 2023 build in Ellenbrook | 160sqm with dual living zones | 351sqm lot with 46% coverage | Strong rental yield potential This property positions a buyer with a near-new house that avoids the compromises of smaller project builds. The 160sqm floorplan with two living areas and an ensuite master is uncommon in this price bracket; most comparable stock sacrifices a living zone or bathroom. For an owner-occupier, the configuration suits a young family needing separation between adult and children’s spaces, while the 46% site coverage leaves usable outdoor area without excessive maintenance. The suburb’s 90% owner-occupier rate and low rental turnover suggest stable long-term demand, and the property’s position within good school catchments adds to its resale resilience. The primary risk is price—the $895,000 listing sits well above Ellenbrook’s $715,000 median for three-bedroom houses, meaning any future buyer pool is narrower. The prior August 2024 sale suggests a quick flip, which may indicate cosmetic upgrades rather than structural value. However, the 2023 build date and absence of overlay risks mean lower holding costs and insurance premiums. For an investor, the $765pw rental estimate delivers a gross yield near 4.4%, which is strong for Perth’s newer suburbs. Hold this property as a long-term family home or rent it for cash flow; avoid short-term flipping given the current pricing gap to local medians.