14 Caddy Avenue, West Leederville WA 6007

3-bed townhouse, West Leederville | 1992 build, rising market | no heritage, no flood, no bushfire risk | four car spaces, strong yield potential | value gap from recent sale suggests upside. The property’s 2023 purchase at $1,440,000 sits 48% below today’s $2,109,000 estimate, creating a clear value gap from rapid market appreciation. The 354m² lot with four car spaces—rare for a 1992 townhouse—offers a functional buffer against parking constraints. Annual rental income of $52,000 at a 2.5% gross yield is low for the area, but the 8-day average days on market in West Leederville signals strong demand. This is a capital growth play, not a cash-flow hold; the buyer’s decision hinges on whether the upside from recent price momentum justifies the entry cost. Competitively, the fully fenced courtyard and balcony provide private outdoor space that many infill townhouses lack, and the 244m² built area is generous for a three-bedroom. West Leederville’s 80% owner-occupier ratio and Bob Hawke College proximity make this a strong family hold. The property suits buyers seeking a secure, low-overhead residence with room for capital appreciation—not investors chasing yield. To secure the value gap, move quickly given the 8-day market average and schedule your inspection to confirm condition.