170 Culeenup Road, North Yunderup WA 6208

A well-positioned 3-4 bedroom, 1-2 bathroom home on a ~700-900 sqm block , this asset represents a lifestyle-driven property within a canal and estuary-oriented market in North Yunderup. Likely built in the 1980s-2000s, the dwelling is functional with scope for renovation, while the key appeal lies in proximity to waterways, boating access, and relaxed coastal living. From a valuation perspective, the property is likely positioned in the ~$550K-$700K range , depending on water proximity, views, and condition. Homes closer to canals or with direct access can command a premium, placing this asset potentially in the mid-to-upper segment of the suburb. Rental performance is solid, with expected income around $520-$600/week, implying a ~4.5%-5.2% yield, supported by lifestyle renters and limited supply of well-located homes near the water. Strategically, this is a lifestyle + moderate growth investment. The key upside lies in waterfront proximity, ongoing demand for sea-change living, and potential renovation uplift. However, capital growth is typically more gradual and tied to regional market conditions compared to metro Perth. Overall, it suits investors seeking steady income with lifestyle appeal, or owner-occupiers prioritising boating and estuary access with long-term value stability rather than rapid capital growth.