1/5-7 Harrison Street, Rockingham WA 6168

Unit likely in multi?unit block | mixed street of houses & units | short?hold sales present | yields near 5.7% | no direct comparables found. This property presents as a lower?entry point in a street where larger houses dominate, appealing to budget?conscious buyers or investors seeking rental exposure. Its configuration as a unit aligns with the street’s smaller, yield?producing stock, serving a tenant base that supports stable demand. The tenure mix shows long?term holders alongside short?flips, indicating both stability and potential volatility in immediate resale. The primary risk is the absence of direct comparable sales, forcing valuation reliance on broader street data which includes higher?value houses. This ambiguity may affect financing and resale confidence. However, the rental yield profile is commercially sound. Treat this as a long?term hold to mitigate speculative turnover risk, ideally for an investor leveraging the current yield while awaiting capital growth from the suburb’s broader movement. Recent sales on Harrison Street show a clear divide: – 4/12 Harrison St: 2 bed unit sold for $363k, with negative annual growth. – 92A Harrison St: 4 bed house sold for $1.05m, with strong growth over two years. – 65C & 45A: Both houses sold around $900k?$950k after eight?year holds, showing steady mid?single?digit growth. This split confirms that units on this street transact at a significantly lower price point than houses, with more volatile performance. For your prospective unit, this implies a value benchmark likely below $400k, with growth dependent on broader suburb trends rather than street?level premium.