90B Clarke Street, South Bunbury WA 6230
90B Clarke Street, South Bunbury WA 6230
Modern 3/2 villa | 2010 build | Private rear position | Strong rental yield | Flood overlay noted
This property presents a competitively strong offering for an investor or downsizer seeking a modern, low-maintenance home in a established location. Its 2010 construction offers contemporary finishes and energy efficiency, while the three-bedroom, two-bathroom configuration is in high demand, outperforming older two-bedroom stock. The private, tucked-away position enhances livability. Current rental estimates align with nearby comparables, indicating stable investment demand for this size and quality.
The primary decision factor is the flood overlay, which necessitates specific due diligence on insurance costs and potential future resale impacts. The offer price sits above recent comparable sales for three-bedroom villas on the street, requiring justification through its superior condition, later build, and second bathroom. For a buyer, this property suits a long-term hold to absorb the premium paid, leveraging its rental appeal and modern amenities. Proceed conditional on a satisfactory flood risk assessment and building inspection.
Recent sales of three-bedroom villas on Clarke Street provide essential context:
– 7/95 Clarke St sold for $540,000 (3/1/1)
– 1/76 Clarke St sold for $612,000 (3/1/1)
– 12/87 Clarke St purchased for $580,000 (3/2/2)
This property’s asking price reflects a premium for its second bathroom and newer construction compared to most sales. The $580,000 purchase of a similar 3/2/2 configuration is the most relevant benchmark, suggesting the market supports a value increment for this layout.
Market Insight:
South Bunbury is a family and professional-focused suburb benefiting from Bunbury’s infrastructure upgrades, offering relative affordability and a manageable commute. Demand is driven by families drawn to schools and green spaces, professionals seeking regional connectivity, and investors attracted by strong rental growth and tight vacancy rates. The market has experienced significant price appreciation, with houses selling quickly in a low-supply environment. Future growth is underpinned by ongoing development and population inflow, though risks include the market’s recent rapid price acceleration and the potential for a supply response to rebalance the tight rental conditions.