24/70 Forrest Road, Armadale WA 6112

3-bed townhouse | 2-car parking edge | 2012 build, refreshed | strata-titled, no overlays | move-in ready This townhouse presents a competitively strong proposition within its complex, primarily due to its two-car parking configuration—a functional rarity against recent single-parking comparables. Its 2012 construction, recent cosmetic updates, and absence of overlays create a low-maintenance, defensive position for an owner-occupier seeking entry or an investor targeting the established rental demand evidenced within the complex. The unit best serves a pragmatic buyer prioritizing immediate functionality and yield over land component growth. The decision hinges on reconciling its premium parking advantage against the inherent risk of strata-title compression in value growth versus freestanding houses in Armadale. The opportunity is commercial: secure a tenancy at the upper range of the rental estimate to achieve a yield near 7%, offsetting body corporate costs. This is a hold-for-cashflow property, not a primary vehicle for capital appreciation; proceed if the yield meets your portfolio logic, but benchmark your offer against the $470k complex sale from July, adjusting for the parking premium. Recent sales within the complex provide a direct value anchor: – 10/70 Forrest Road: Sold for $470,000 in July 2024. This 3-bedroom unit had only one car space. – 20/70 Forrest Road: Purchased for $440,000 in March 2024, now renting for $570 per week. The clear inference for 24/70 is that its second car space commands a measurable premium. Your offer must rationally account for this functional superiority over the $470,000 benchmark, while acknowledging the broader market context where freestanding houses on larger lots represent a different value proposition entirely.