7/10 Fletcher Street, Yokine WA 6060

Ground-floor unit in 12-residence complex | recently renovated | 2327m² strata lot | strong estimated rental yield This property presents a competitively strong proposition due to its unusually large strata lot size within a small, well-maintained complex, a configuration that is rare for a unit and provides a tangible point of scarcity. The ground-floor position and recent renovation reduce immediate capital demands, while the estimated rental yield signals solid income demand. This unit best serves an owner-occupier seeking low-maintenance living or an investor targeting a stable, renovated entry in an established suburb. Proceed with a strata report review as the primary due diligence to quantify any capital risk from the 1981-built complex. The price premium over the suburb median for units must be justified by the lot size and condition, not speculative future gains. Acquire for hold, leveraging its rental readiness; its value is in its present configuration, not future redevelopment potential on a strata title. Comparable nearby properties indicate this unit commands a premium. 10/11 Fletcher Street, a similar two-bedroom unit on a slightly larger lot, has an off-market estimate of $640,000. This suggests the subject property’s $709,000 valuation is predicated on its renovated state and ground-floor appeal. The median unit price for Yokine is $495,000, further highlighting that this specific property sits at the upper end of the market.