21A Clive Street, Bicton WA 6157

Listed below market value | Rental growth potential clear | Older build needs scrutiny | Pool maintenance a consideration The asking price sits well below the mid-range valuation of two independent estimators, which suggests either vendor motivation or a deliberate strategy to generate competition. For a buyer, this creates a tangible margin of safety if the property passes building and pest inspection given its 1996 construction. The rental estimate has risen over 27% since the last lease, yet the current yield remains modest. This is a hold-and-grow proposition, not a flip. If you are buying to occupy, the gap between ask and estimate provides immediate equity. If buying to lease, be prepared for a sub-3% return until rents catch up. What makes this competitive is the rare combination of a large 255 square metre internal area on a 572 square metre block with a pool and study, all within walking distance to the river and shops. Bicton commands a premium for its schooling and owner-occupier profile, and this street sits at 90% owner occupancy. The property suits a family wanting space without land maintenance, or an investor targeting long-term capital growth in a tightly held suburb. Before proceeding, secure a structural inspection of the 1996 build and confirm pool compliance costs. The value gap is real, but only if the bones are sound.