1/287 Albert Street, Balcatta WA 6021
1/287 Albert Street, Balcatta WA 6021
Renovated high-physical-support villa | street-front strata position | Balcatta primary & high school catchment | 2024 purchase flipped with specialist upgrade.
This property presents a rare configuration for a buyer seeking a fully renovated, accessible villa in a standard residential strata. The 2025 refurbishment and specialist adaptation create a turnkey home that eliminates immediate capital outlay, while the street-front position within a larger 5,374 mยฒ site offers privacy and direct access not typical of grouped villas. The two-car parking and 96 mยฒ internal area suit downsizers or investors targeting the disability accommodation niche, where rental demand is often less elastic than the general market.
The primary risk is verifying the bedroom count and any special-use approvals tied to the high-physical-support designation, as these affect both resale pool and financing eligibility. The 207 mยฒ individual lot within a strata scheme limits land control, and the 2024 purchase price of $622,800 versus the current ask suggests the uplift is entirely renovation-driven rather than location appreciation. For a buyer who values accessibility and wants a finished product without project risk, this property offers a clear opportunity; for those seeking land value growth or standard family layout, it may underperform.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 1/287 Albert Street, Balcatta WA 6021
Market Insight:
Balcatta is an established suburb experiencing a rapid transformation, with exceptionally strong demand compressing sales timelines and driving robust price appreciation across both houses and units. This momentum is underpinned by high sales volumes and a critically low vacancy rate, indicating a sustained supply-demand imbalance. Future growth appears linked to its ongoing evolution from its traditional character, though the market’s current velocity and constrained stock levels present a key consideration for entry.