17 Lorikeet Heights, Ballajura WA 6066

3 beds | 2 baths | duplex on 454m² | no overlays | solar panels | Ballajura Primary catchment The property is positioned as a rare duplex on a full 454m² lot, which is competitively strong for a buyer seeking land value without the price of a standalone house. The dual ensuites and solar panels reduce holding costs and appeal to owner-occupiers or downsizers, while the 95% owner-occupied street signals stable neighbourhood demand. This property best suits a buyer wanting a low-maintenance home with future subdivision potential, given the lot size and residential zoning. The absence of bushfire, flood, or heritage overlays removes major risk, but the $860,000 list price sits below the estimated $940,000–$1,060,000 range, suggesting either motivated selling or condition issues not visible in satellite data. The rental yield of $705–$850 per week is moderate for Ballajura, and the 5% rental stock on the street limits tenant supply risk. The opportunity lies in negotiating below the lower valuation bound, then holding for land appreciation or adding value through interior upgrades. Use this property as a long-term hold with optional future subdivision.