1958 townhouse | 437m² elevated parcel | coastal corridor | 3 bed, 1 bath | R20 zoning
This property presents a competitively strong entry into a tightly held coastal corridor, offering a rare sub-450sqm parcel with dual living areas and low-density zoning. Its 1958 construction, thoughtfully refreshed, provides a balance of character and modern systems like split-cycle air conditioning, serving a buyer seeking a low-maintenance foothold in a premium catchment near Wembley Downs Primary and Churchlands High. The configuration is efficient for a small family or professional couple, though the single bathroom caps its appeal against newer stock.
The primary risk is the compressed yield against the estimated value, with rental returns sitting at a modest 3.4%, indicating this is a capital growth play reliant on land value in an R20 zone. The adjacent, larger lot at 100A Weaponess demonstrates the premium for size and bed/bath count, creating a clear value ceiling. Proceed only if acquiring below estimated value, targeting long-term hold to benefit from the irreplaceable location while budgeting for eventual bathroom expansion to align with area standards.