14B Cornelian Street, Scarborough WA 6019
14B Cornelian Street, Scarborough WA 6019
3-bed townhouse | rear private position | tenanted to mid-2026 | high-growth suburb | strong rental yield
This property presents a strategic entry into the Scarborough market with immediate income. Its private rear positioning within a complex enhances livability, while the existing tenancy provides seamless cash flow for an investor or a settlement buffer for an owner-occupier. The configuration, with dual bathrooms and garaging, aligns with broad rental demand, best serving an investor seeking stability or a buyer intending to occupy post-lease.
The primary risk is the price premium commanded by the tenancy, which may limit personalisation until mid-2026 and necessitates a thorough review of the lease and condition report. The lot size discrepancy in records requires council clarification. The commercial logic is clear: acquire a turnkey property in a high-demand suburb with documented capital growth, evidenced by the significant uplift from its last sale. Proceed with a conditional offer that validates the building area and plans for the tenancy.
Market Insight:
Scarborough is a premier coastal suburb experiencing robust demand, driven by its appealing lifestyle and proximity to the city. The market is characterised by strong price growth across both houses and units, with houses transacting swiftly, indicating a competitive environment. Future demand is underpinned by its enduring coastal appeal and ongoing development, though its established premium pricing presents a natural constraint on affordability for some segments.