24 Yalbaroo Road, Northam WA 6401

24 Yalbaroo Road, Northam WA 6401
5-bedroom rarity for street | fully renovated 2023 | high rental yield | strong school proximity This property’s five-bedroom configuration is a significant functional advantage in a street of predominantly three-bedroom houses, creating immediate scarcity and rental appeal for larger families. Its complete 2023 renovation removes near-term capital expenditure, while the high gross yield and proximity to three government schools position it as a durable, low-maintenance investment for a long-term holder or a family occupant. The lack of overlays simplifies the holding proposition. The primary risk is the unresolved discrepancy in building area, which could affect valuation and insurance; clarification from council records is a non-negotiable due diligence step. The absence of recent comparable sales data beyond 2023 obscures precise market movement, demanding a conservative bid strategy. Acquire for hold, leveraging its renovated condition and bedroom surplus to secure stable tenancy or family utility for a decade.

Independent, Unbiased Research from  our PropCred Analyst team 

Market Insight:

Northam presents as a high-growth regional hub, with exceptional recent house price appreciation driven by strong investor demand attracted to robust rental yields. The market is characterised by rapid turnover, indicating sustained buyer interest, particularly from those in skilled trades. This momentum is underpinned by stable population fundamentals and its strategic transport links. However, this rapid growth introduces sensitivity to broader economic shifts, and the unit market remains notably illiquid, presenting a supply constraint for that segment.

PropCred Estimated Value

Bedrooms

5

Bathroom

1

Parking

2

Land

870m²

Built

Recent Assessments