20 Turnstone Street Alkimos WA 6038

3-bed townhouse in Alkimos | 202m² lot, 219m² build | Opposite top private school | 95% owner-occupied street | High land-to-building ratio for the area The property’s key competitive edge is its configuration: a 219m² building on a 202m² lot delivers unusually generous internal space for a townhouse in this suburb, effectively offering a small-house footprint with strata efficiencies. Being directly opposite St James’ Anglican School (0.3 km) and within catchment for both Alkimos Beach Primary and Alkimos College gives it a dual demand base from families seeking proximity and school-zoned stability. The street’s 95% owner-occupier profile and low turnover signal a tightly held pocket, which typically supports value retention. This property best suits a buyer prioritising space and school access over land size, or an investor targeting the family rental demographic. The main risk is the small land component, which limits future subdivision or extension potential and ties capital growth more closely to suburb-wide trends than to land appreciation. The 2022 purchase price and current estimated value suggest modest recent gains, and the 0% auction clearance in Alkimos indicates a softening market requiring realistic pricing. However, the rental estimate of $655 per week produces a gross yield near 4%, which is competitive for Perth’s newer suburbs. The commercial opportunity lies in holding for the medium term as the school catchment matures and the owner-occupied street profile strengthens resale demand. Treat this as a live-in property with a rental fallback, not a land-banking play.