15/97 Peninsula Road, Maylands WA 6051

3 bed 2 bath apartment with 2 car spaces on 148m² lot | Estimated value $906k rental yield ~$940pw. Spacious 79m² internal layout suits young professionals or small families seeking low-maintenance living near the Swan River. It includes secure parking and modern NBN fibre connection alongside 5G coverage, appealing to remote workers. Positioned in the Bayswater council area and zoned residential, it attracts families prioritising access to local schools within the Maylands Peninsula Primary School and John Forrest Secondary College catchments. Demand remains steady for larger apartments in the local market, with buyers showing consistent interest in units offering double garaging over smaller one-bedroom options. The buyer segment tends to include first-home buyers upsizing from smaller units or investors seeking reliable rental returns around mid-$900 per week. Location benefits include riverside living and easy city access, while potential drawbacks involve flood overlays that could impact insurance costs and heritage restrictions on modifications. Demographics skew toward mid-30s professionals and growing families valuing green spaces. Growth potential rests on riverside renewal and connectivity upgrades, though there are no major adjacent projects. Opportunities exist for value-add renovations within heritage bounds for personal use or yield optimization, with risks centered on flood exposure and strata considerations within the complex.