24 Lindfield Cres, Spencer Park WA 6330

24 Lindfield Cres, Spencer Park WA 6330
3 bed park-view house | tenanted to 2026 | inner-city walkability | no overlays | side boat access This property presents a competitively strong, low-maintenance proposition. Its tenanted status until late 2026 provides immediate income certainty for an investor, while the park view, side access for a camper or boat, and absence of bushfire or flood overlays offer tangible lifestyle utility and reduced risk. The house serves the investor seeking a stable yield and the lifestyle buyer who values inner-suburb convenience, a fully-fenced yard, and a functional layout. The decision hinges on the tenancy structure. The fixed lease locks in cashflow but defers personal use, a significant opportunity cost for an owner-occupier. For an investor, the commercial logic is clear: acquire a turnkey property with reliable NBN and gas services in a high-demand rental locale. Proceed with an offer reflecting its as-invested value, not potential owner-occupied premium, and hold for the lease term to capitalise on established yield. Recent sales data for directly comparable properties in Spencer Park is not detailed in the provided information. Available listings suggest a market for three-bedroom houses in the $500,000 to $600,000 range, which aligns with the varied estimates for this property. This indicates its asking price sits within the expected spectrum, requiring a buyer’s assessment to be grounded in its specific tenancy and condition rather than exceptional market movement.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Spencer Park is a tightly held residential suburb experiencing exceptional capital growth, driven by strong buyer demand and constrained housing stock. The market is characterised by rapid sales, reflecting a competitive environment where family-sized homes are particularly sought after. This demand is supported by a professional demographic and a very low vacancy rate, indicating sustained rental pressure. Future growth is underpinned by these supply constraints, though the limited diversity in property types presents a concentration risk should market conditions shift.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

-

Land

728mΒ²

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