113/7 Streatham Street, Beckenham WA 6107

modern apartment | 2015 build | high yield | train proximity | secure complex This two-bedroom unit offers a rare combination of modern construction and strong rental yield in Beckenham, a suburb where median unit prices sit noticeably below this property’s estimated value. The 2015 build quality, secure complex, and proximity to Beckenham Train Station give it a clear advantage over older stock in the area, particularly for owner-occupiers seeking low-maintenance living or investors chasing the 5.8% yield. The walk-in robe in the second bedroom and high ceilings add genuine differentiation for a two-bedroom unit, and the vacant possession allows immediate occupancy or tenancy. It serves best for a first-time buyer wanting city-fringe access or an investor targeting yield above the suburb median. The main risk is the gap between the previous $405,000 sale in 2024 and the current asking range — this may reflect broader market movement or a renovation uplift, but buyers should verify if comparable recent sales support the jump. The NBN Fibre to the Node is adequate but not a premium driver. The single car bay and lack of ducted air conditioning are minor compromises, though the balcony and storeroom add practical value. Opportunity lies in Beckenham’s ongoing transport improvements and the property’s walkability to the station, which supports both capital growth and rental demand over the medium term.