5 Regatta Way, Alkimos WA 6038
5 Regatta Way, Alkimos WA 6038
Shorehaven estate | 2013 built | 3×2 house | 360mΒ² lot | Primary school catchment
This house presents a competitively modern and low-maintenance entry into the tightly held Shorehaven estate, with its immediate proximity to a primary school serving as a durable amenity advantage for a young family. The 2013 construction date aligns with contemporary standards, reducing near-term capital expenditure risk for a buyer, and the absence of environmental overlays simplifies due diligence. It is best suited for an owner-occupier seeking established infrastructure within AlkimosΒ growth corridor, or an investor targeting family rental demand.
The critical decision hinges on reconciling the significant discrepancy in reported internal area, which directly impacts value assessment and functional utility. A lot size of 360 square metres is below the corridor’s average, limiting future extension potential and placing a premium on efficient internal layout. The compressed nine-day suburb sales average indicates a hot market where delayed decisions carry a high opportunity cost. Proceed only with a verified floor plan, valuing it at the lower building area metric, and position it as a long-term hold to amortize acquisition costs in a precinct still maturing.
Recent street sale at $705,000 provides a tempered benchmark, notably below current asking figures. With 128 Alkimos sales this year, the market depth confirms strong liquidity, but the zero auction clearance rate on this street suggests buyer resistance to premium pricing. This sales velocity supports a value inference that this property must compete on precise configuration and condition, not just suburb momentum.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Alkimos is a developing coastal suburb experiencing robust property growth, driven by strong demand from owner-occupiers and investors. This is evidenced by exceptionally quick sales times and rising rental returns. Recent price trends show significant annual growth, supported by high sales volumes and ongoing infrastructure projects which serve as key future drivers. The market’s primary constraint is its sensitivity to broader economic conditions, given the high proportion of mortgaged owners.