20 Koolama Drive, Cable Beach WA 6726
20 Koolama Drive, Cable Beach WA 6726
Large suburban house | 1,160 mยฒ land | 5 bedrooms | high rental yield potential
This property occupies a strong position in Cable Beach, sitting on a notably large 1,160 mยฒ lot with a substantial 317 mยฒ internal footprint. The five-bedroom configuration with multiple bathrooms and parking spaces makes it well-suited for families seeking generous space or investors targeting the premium rental market, where weekly rents are estimated above $1,800. The circa 1999 build age offers a balance of modern construction standards without the premium attached to newer builds, and the inclusion of air conditioning, a balcony, and a study adds practical appeal for both owner-occupiers and tenants.
The value picture requires careful interpretation given the conflicting bathroom and parking counts, which may affect the final pricing outcome. The last recorded sale at $1.3 million in 2022 provides a baseline, but current market conditions and the property’s large land component may support a higher figure. Buyers should verify the actual configuration through inspection, as the discrepancy between seven and three bathrooms could meaningfully alter both utility and valuation. The land size, while generous, may also carry development or maintenance implications that should be weighed against the asking price.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 20 Koolama Drive, Cable Beach WA 6726
Market Insight:
Cable Beach presents a compelling investment profile, anchored by a robust rental market with high yields and strong tenant demand. The housing segment demonstrates consistent price growth and rapid turnover, indicating sustained buyer interest, while the unit market shows more varied performance. Demand is supported by a significant rental population, creating a solid investor base. Future growth is underpinned by constrained housing supply, though sensitivity to broader economic conditions remains a consideration for the market’s trajectory.