2/19 Raymond Street, Yokine WA 6060
2/19 Raymond Street, Yokine WA 6060
Ground-floor unit | 1968 build | 55m² on 1.31 acres | Renovated kitchen & bathroom
This ground-floor unit presents a competitively rare offering of a renovated one-bedroom apartment within a low-density, large-land complex, a configuration increasingly scarce in the market. Its full renovation and single-level living appeal directly to downsizers or investors seeking a low-maintenance property with genuine outdoor space and dual car accommodation, positioning it strongly for both rental stability and owner-occupier appeal.
The primary decision rests on the inherent compromise of a 55m² floor plan against the shared title of 1.31 acres, introducing body corporate governance and cost risks that permanently limit control and appreciation. The significant valuation discrepancy between sources underscores market uncertainty. Proceed only with a specific body corporate review and a strategy for long-term hold, as the unit’s value is derived from its land parcel and renovation, not its intrinsic size.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/19 Raymond Street, Yokine WA 6060
Market Insight:
Yokine is a resilient inner-northern suburb exhibiting robust market conditions, with both houses and units experiencing strong annual price growth. Demand is driven by a broad market seeking well-presented family homes, supported by Perth-wide population growth and critically low vacancy rates. The market is exceptionally tight, with houses selling rapidly, indicating intense competition for limited quality stock. Future growth is underpinned by these persistent demand fundamentals, though affordability pressures on the outer suburbs highlight a key constraint, suggesting established suburbs like Yokine may benefit from a relative flight to quality amid broader supply shortages.