17/13 O'Connor Close, North Coogee WA 6163

| 48sqm ocean balcony | bushfire overlay risk | rent $975/wk narrows buyer pool | FTTN not FTTP | This unit carries two distinct risks that must be priced in. The bushfire overlay, while not limiting insurance, will constrain future resale speed if buyers become spooked by fire seasons, effectively adding 15 to 30 days to selling time in a normal market. The west-facing balcony, though spectacular, exposes living areas to intense afternoon heat and UV degradation of timber flooring, meaning you budget for replacement or refinishing within eight to ten years. On the opportunity side, the 140sqm lot with 125sqm internal is unusually generous for a two-bedroom apartment, giving you genuine separation between living and sleeping zones rarely found in this price bracket. The rent coverage at $975 a week implies a gross yield near 4.3 percent, workable but not market-leading. Bottom line: buy this only if you intend to hold for seven years or more and value the balcony lifestyle; it is not a flip or a short-term trade. What makes this property genuinely rare is the 48sqm balcony sweeping west over the ocean, essentially an outdoor room larger than most studio apartments. That alone will maintain demand from downsizers and professionals who entertain, because competing units in the building offer half that space. The engineering-grade timber flooring in living areas signals quality finishes that hold up to foot traffic, and the single garage with internal access adds security for a coastal suburb where street parking is tight. This suits a buyer wanting a primary residence with strong rentability as a backup, not an investor chasing yield. A comparable at 19/13, a 67sqm apartment, sold in 2021 for about $750,000; adjusting for size and balcony premium, this unit is priced near the top of the band, meaning you are paying for the view, not square meterage. Complete a strata search for sinking fund health and any balcony waterproofing claims before exchanging.