17/1 Bernard Way, Cable Beach WA 6726

17/1 Bernard Way, Cable Beach WA 6726
2 bed 2 bath 2 car | modern low-rise unit | secure gated complex | Cable Beach school zone | above-average parking This unit holds a genuine competitive edge within Cable Beach’s apartment pocket because it combines two bathrooms with two undercover car spaces, a configuration that is noticeably rarer than the standard one-car units nearby. The modern low-rise complex, built around the early 2010s, offers the sort of lock-up-and-leave living that suits downsizers, professional couples, and investors seeking reliable rental appeal. Its position in the Cable Beach Primary School catchment adds practical family value, while the gated setting and easy-care layout reduce maintenance burden. This property serves best a buyer who wants coastal proximity without the upkeep of a house, and who places real weight on secure parking and contemporary finishes over land area. The value picture may be shaped by strata fees and overlay considerations, as nearby lots carry bushfire and heritage overlays that could influence insurance or future renovation flexibility. The mid-to-high $500k asking range positions this unit at the upper end of the local apartment market, so presentation quality and the exact floor level are likely to matter more than they would for entry-level stock. A buyer should weigh whether the second parking space and secure complex justify the premium over smaller or older units, and confirm the true internal size before forming a firm price view. >> Comparable Sales: 3/1 Bernard Way sold for $475,000 in June 2022; 5/1 Bernard Way sold for $418,000 | Property Price Band: $550K–$650K | Value Drivers: dual parking, modern complex, secure gated setting
Detailed Independent Property Report prepared  by PropCred Analyst team for 17/1 Bernard Way, Cable Beach WA 6726
Checks found:
Value Risk ✓
Liquidity Risk ✓
Planning Risk ✓
Income Risk ✕ 2
Execution Risk ✕ 2
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Market Insight

Cable Beach, in Broome’s coastal strip, remains a tightly held market. House stock fell 8.47% year-on-year, intensifying competition among buyers drawn to gross rental yields of 8.08% for houses and 12.07% for units. The median house price sits near $718,000, with annual growth between 4.32% and 6.8% depending on the source; homes sell in as little as 13 to 21 days. Units show divergence, with one median at $360,000 rising 2.86% while another fell 8.4%, reflecting patchy investor demand. Rental demand is strong-houses median $1,200 weekly, units $840-supporting future capital growth, though unit price volatility and modest sales volumes pose constraints.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

2

Land

173m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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