1/9 Steele Road, Sorrento WA 6020

Ground floor end unit | direct access & privacy | small well-maintained complex | strong school catchments | 57-year-old build This unit’s ground-floor, end-position in a well-kept complex is its primary advantage, offering a rare blend of direct access and privacy atypical for flats. Its competitive strength lies in location within the Sorrento school catchments, serving owner-occupiers or investors targeting families. The configuration and estimated rental yield support a holding strategy, though the age necessitates scrutiny. The 57-year-old building presents a material risk; future strata levies for capital works are inevitable. The under-offer status confirms demand, but the gap between list price and higher estimated value requires validation against true comparable sales. Proceed only with a stringent building inspection and strata report review to quantify holding costs, positioning this as a long-term hold.