140 Alverstone Boulevard, Lakelands WA 6180
140 Alverstone Boulevard, Lakelands WA 6180
High $600s list | 3 years old | solar, FTTP | 5.07% rental yield | 43% building coverage
The property is priced below its estimated value range of $755,000–$775,000, suggesting an immediate equity opportunity for a buyer who negotiates effectively. The 43% building coverage on a 246m² lot indicates limited outdoor space, which could suppress capital growth compared to larger lots in Lakelands. However, the 5.07% rental yield from comparable properties on the same street demonstrates strong rental demand, making this viable for an investor seeking positive cash flow. The house should be held for medium-term capital appreciation, not flipped, given the suburb’s 0% auction clearance rate.
What makes this property competitively strong is its recent construction in 2020 with solar panels and FTTP connectivity, which reduces ongoing utility costs and attracts premium tenants. For a first-home buyer or downsizer, the lock-and-leave appeal with minimal maintenance is rare in this price bracket. The proximity to Coastal Lakes College (700m) and St Marcellin (1.4km) adds demographic stability, supporting both resale and rental demand. This property best suits a buyer who wants immediate rental income or a turnkey home in a growth corridor.
Recent sales on Alverstone Boulevard show 150 sold at $650k after 4 years (44.79% annual growth), suggesting strong street-level appreciation. The $600/week rent at 74 Alverstone on a $615k purchase reinforces a 5.07% yield potential for this property. A buyer should proceed with a building inspection to confirm solar panel condition and verify the 2020 construction quality, then negotiate from the estimated value midpoint.
Detailed Independent Property Report prepared by PropCred Analyst team for 140 Alverstone Boulevard, Lakelands WA 6180
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Lakelands is a tightly held family suburb experiencing robust demand and strong price appreciation. The market is characterised by very low stock levels, leading to rapid sales and competitive leasing conditions. This dynamic is driven by sustained interest from owner-occupier families, supported by ongoing local development. Future growth is underpinned by these demographic fundamentals and infrastructure links, though the market’s sensitivity to interest rates and constrained supply present notable constraints on affordability and availability.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
246m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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