12 Bibra Way, South Yunderup WA 6208

New build | Tenanted until mid?2026 | Lake views | Flood overlay | Walk to amenities This property presents a competitively strong proposition as a modern, low?maintenance home in an established estate, immediately income?producing. Its key features—a 2025 construction with ducted air conditioning, a secure dual?garage via laneway, and direct walking access to cafes, childcare, and playgrounds—cater precisely to investors seeking a hands?off asset or to owner?occupiers prioritising convenience and contemporary finishes. The configuration is typical for the area, but its newness and tenancy provide a clear edge in rental certainty and reduced near?term capital expenditure. The primary decision?point is the flood overlay on a low?elevation block, imposing potential insurance premiums and resale constraints that directly erode yield and capital growth. Offsetting this is the solid rental demand evidenced by the current lease and appraisal, supporting a defensive holding strategy. Acquire this property as a set?and?forget investment within its tenancy period, but undertake specific due diligence on flood?related costs. Our tailored report would pressure?test the valuation against true comparable sales, detail locality?specific risk mitigants, and provide the insurance assessment required to secure this transaction prudently. Recent comparable sales in South Yunderup show newer four?bedroom homes on similar lot sizes transacting from the high $600,000s to mid $700,000s. This property’s asking price positions it at the upper end of that range for its land size, justified by its brand?new condition and immediate rental income, but leaves limited short?term upside against larger?lot comparables.