1/42 Phillip Street, Maddington WA 6109

New strata house | 2023 build | flood & heritage overlays | low-maintenance living This property presents a competitively strong, modern housing solution in a family-oriented location, distinguished by its new construction and complete, high-specification finish. Its three-bedroom, two-bathroom format with stone benchtops, solar panels, and reverse-cycle air conditioning serves the practical needs of first-home buyers or downsizers seeking a turnkey home, while the strata title and rental yield profile offer clear appeal to an investor seeking a low-maintenance entry. Decision hinges on a direct cost-benefit analysis of its inherent constraints. The flood and heritage overlays impose tangible risk and potential future cost, limiting capital works and requiring specific insurance. The body corporate fees are a recurring financial commitment for shared maintenance. For a buyer, the commercial logic is to acquire a near-new property requiring no immediate outlay, accepting the overlays as a discount to its achievable price, and holding it as a long-term rental or primary residence where the modern amenities offset the strata obligations. The sales history indicates rapid market acceptance. It last sold in December 2024 after approximately six weeks on market, and has been re-listed in March 2026. This quick resale suggests the property meets a solid local demand threshold, but the immediate relisting warrants scrutiny regarding the vendor’s motivation and any unmet expectations from the previous purchase.