10/217 Ferndale Cres Ferndale WA 6148

Villa in private complex | 3 beds on 1.3 acres | Recently flipped | Strong rental yield | Zoned for Bannister Creek Primary This property presents a unique configuration of a three-bedroom villa on a substantial 1.3-acre parcel within a private, well-kept complex, a rare offering that provides both community and space. Its recent renovation with modern finishes and a generous outdoor area targets owner-occupiers seeking low-maintenance living or investors attracted by the high-confidence rental demand and estimated 4.3% gross yield, further supported by its proximity to quality school catchments. The primary risk is the significant valuation gap, with the property selling for $471,000 just weeks before being listed with an estimated value near $800,000, demanding immediate due diligence on the renovation quality and market justification. This rapid flip creates a clear opportunity for a buyer to leverage the established rental income to service the debt while banking on the suburb’s growth, but only if a Propcred report validates the current price against true comparable sales, confirms the lack of overlays, and assesses build quality for insurance.