26A Wakayama Cres, Cable Beach WA 6726
26A Wakayama Cres, Cable Beach WA 6726
Brick duplex in triplex strata | No strata fees | 511mΒ² lot | 3 bedrooms, 1 bathroom
This property presents a low-maintenance entry into the Cable Beach market, with its brick construction and absence of strata fees offering a cost-efficient holding structure rare for duplex-style living. The 511mΒ² lot provides tangible land value, a notable feature for a three-bedroom unit, positioning it for buyers seeking a simplified investment or a permanent residence without complex body corporate obligations. It serves a practical buyer profile prioritizing land component over interior luxury.
Critical due diligence is required, as the absence of data on building age, comparable sales, and interior condition represents a direct financial risk, potentially obscuring overcapitalization or needed renovations. The single bathroom configuration may limit rental appeal and future resale velocity against modern standards. Proceed only with a structured building inspection and a formal valuation to anchor your offer; this property is a hold for the land value, not its speculative potential.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Cable Beach presents a compelling investment profile, anchored by a robust rental market with high yields and strong tenant demand. The housing segment demonstrates consistent price growth and rapid turnover, indicating sustained buyer interest, while the unit market shows more varied performance. Demand is supported by a significant rental population, creating a solid investor base. Future growth is underpinned by constrained housing supply, though sensitivity to broader economic conditions remains a consideration for the market’s trajectory.