52/2 Molloy Promenade, Joondalup WA 6027

Top-floor corner apartment | mature tree privacy | walk to ECU and lake | strong rental yield potential This property offers a rare combination of top-floor positioning and mature tree buffers that create genuine privacy and a sense of retreat within a well-connected urban setting. The south-west orientation captures afternoon breezes and sunset light, while the recent exterior refurbishment reduces immediate maintenance concerns. For a buyer seeking a lock-and-leave unit near university and shopping, the configuration works well for both owner-occupation and investment, with rental estimates suggesting solid yield relative to the recent sale price. The primary risk is the gap between the $640,000 sale in January 2026 and the current asking range, which may indicate a quick flip or a market that has not yet fully absorbed that transaction. Strata fees are moderate but should be reviewed for any upcoming special levies. The opportunity lies in the property’s walkability to ECU and the lake, which supports consistent tenant demand and potential capital growth as Joondalup’s unit market stabilises.