22 Yorla Road, Carey Park WA 6230

22 Yorla Road, Carey Park WA 6230
1960s Jarrah floors | R20/40 zoning | side-access shed | tenanted until May 2026 | 635mยฒ block The propertyโ€™s strongest buying case lies in its dual-purpose zoning and original fabric. The R20/40 designation provides a rare configuration edge for a buyer seeking future subdivision potential or simply holding on a larger block in an established area. Original Jarrah floorboards and the fireplace are period features that retain authenticity, while the renovated kitchen and split-system air conditioning reduce immediate upgrade costs. The powered shed with 3m-wide side access adds practical utility for trades or storage, and the current tenancy at $550 per week offers immediate cash flow. This house is best suited to an investor prioritising yield and medium-term land value, or a renovator who values character and space over turnkey finish. The primary risk is the tenancy ending on 19 May 2026, which may create a short vacancy window if the buyer intends to occupy immediately. The property is sold โ€œas is,โ€ meaning any deferred maintenance from the 1960s buildโ€”such as the original bathroom or electricalโ€”could surface post-settlement. However, the lack of bushfire, flood, or heritage overlays removes common regulatory hurdles, and the FTTP NBN connection adds a modest convenience for remote workers. The opportunity is to secure a 635mยฒ block in a predominantly owner-occupied area (80% owners) at a price point that reflects renovation potential rather than finished value, giving the buyer equity upside through cosmetic updates or eventual subdivision.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 22 Yorla Road, Carey Park WA 6230
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Market Insight:

Carey Park is positioned as an affordable entry point within the Bunbury region, attracting a diverse demand base of first-home buyers, yield-focused investors, and professionals seeking easy commutes. Recent price growth has been exceptionally strong, reflecting a persistent seller’s market with low rental vacancies and rising rents underpinning investor interest. Future growth is supported by ongoing infrastructure upgrades, though rising affordability pressures and an increasing supply of listings present emerging market constraints.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

2

Land

635mยฒ

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