2/3 First Avenue, Applecross WA 6153

1987 villa | duplex strata | large 1012m² lot | Applecross schools | flood overlay This property presents a competitive entry into the Applecross precinct, leveraging a larger-than-typical strata lot that provides a sense of space uncommon for a villa. Its configuration as a three-bedroom home in a small group of four offers a lower-maintenance alternative to a freestanding house while retaining proximity to the river, schools, and amenities. This serves the buyer seeking established-location convenience without the upkeep burden of a larger property, positioning it well for both owner-occupiers and long-term holders. The primary decision mechanism is the flood overlay, which necessitates specific due diligence on insurance premiums and potential future restrictions. The 1987 build year implies upcoming capital expenditure for modernisation. The commercial logic lies in the land component within the strata title, offering a scarcity premium in the area. Acquire for hold, with a plan to renovate to capture rental upside. A Propcred report would ground your offer with a real market valuation, clarify strata health, and quantify locality risks like flood impact for insurance. Recent comparable sales data is not detailed in the available results, with only the subject property’s 2022 sale noted. This absence of precise local benchmarks requires your advisor to source off-market transactions to establish a credible current value range for your negotiation.