26/24 Lawley Street, North Beach WA 6020
26/24 Lawley Street, North Beach WA 6020
This is a top-floor two-bedroom two-bathroom apartment with two car bays in the Neptune Apartments complex built in 2018. It sits on an estimated 91 square metres of internal space within a 2170 square metre complex. The property is positioned in North Beach, with immediate proximity to the beach and local amenities.
What is competitively strong about this property is its top-floor position within a modern 2018 complex, which is rare for North Beach where most apartment stock dates from the 1970s to 1990s. The two-bedroom two-bathroom two-car configuration is considered premium for this building, offering more space and privacy than the typical one-bedroom units found in older complexes. The property is wrapped in natural light and designed for a low-maintenance lifestyle, which suits retirees, young professionals, or couples seeking a holiday feel daily without yard work. Its location where the beach meets the bush provides a relaxed coastal environment that is hard to replicate in newer developments further inland.
Several factors may materially affect the value or sale price of this property. The top-floor aspect provides superior privacy and reduced noise, but it may also experience higher heat exposure in summer, though the 2018 build should have modern insulation. The apartment format may cap value growth compared to detached houses in the same suburb, as land ownership is shared across the complex. The observed rental yield of 6.5 percent for similar units in the building suggests strong investor demand, which could support resale value. The property sits within the Carine Senior High School intake area, a consistently high-performing school, which may appeal to families despite the apartment format. No bushfire flood or heritage overlays apply, reducing regulatory risk.
Detailed Independent Property Report prepared by PropCred Analyst team for 26/24 Lawley Street, North Beach WA 6020
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
North Beach is a high-demand coastal suburb attracting established professionals, evidenced by its demographic profile. This cohort is driving robust competition, reflected in strong recent capital appreciation and a brisk sales environment. The market demonstrates significant momentum with houses achieving notable growth and units also performing well. Future prospects are supported by sustained buyer interest and rising rental returns, though premium pricing presents a clear affordability constraint for some segments.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
2
Land
2170m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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