3/3 Burnside Close, Millars Well WA 6714

2-bed villa | double carport & courtyard | flood/heritage overlays | high-yield rental | walk to schools This unit presents a competitively strong rental proposition within its complex, deriving value from its practical configuration of two car spaces and a secure courtyard—features that are premium for a unit and align with robust tenant demand in Millars Well. Its estimated gross yield is compelling, and it serves the investor seeking cash flow from a low-maintenance, brick property within walking distance of schools, though it unequivocally suits a buyer comfortable with strata governance. The decision hinges on accepting constrained capital growth drivers due to the flood and heritage overlays, which impose permanent risk and potential cost. The commercial logic is renting for high yield while acknowledging the lot’s shared ownership structure limits personal control. This is a hold for income, not for significant appreciation, and should be purchased at a material discount to the listing price to buffer the overlay risks. Comparable data within the strata complex shows: – 6/3 Burnside Close: Estimated value $456,000 for a similar 2-bedroom unit. – 3 Burnside Close (whole block): A 12-bedroom villa estimated at $844,000, illustrating the scale variance within the shared lot. This internal comparison suggests the subject property’s estimated value is credible but positioned at the more affordable end of the complex, reinforcing its accessibility for an entry-point investor.