28 Armstrong Approach, Bellevue WA 6056
28 Armstrong Approach, Bellevue WA 6056
Quiet street position | Likely modern build | Compact footprint | Strong Bellevue demand | Verification needed on title
This property sits in one of Bellevue’s more established residential pockets, where land is scarce and turnover is low. The configuration appears suited to a buyer seeking a low-maintenance lock-and-leave option rather than a family home with extensive outdoor space. Its competitive edge lies in the address itself — Bellevue’s Westside and downtown fringe consistently attract professionals and downsizers who value proximity to employment, retail, and transit. For a buyer prioritising location efficiency over square footage, this unit or townhouse would serve well, particularly if the interior has been updated or the layout is efficient.
The value picture may hinge on a few practical factors. If the property is strata-titled, the monthly levies and any special levies could materially affect holding costs, so the buyer should request the depreciation schedule and meeting minutes. The absence of confirmed building age means condition could vary considerably; a newer build might justify a premium, while an older one may require budgeting for eventual upgrades. Orientation and natural light are often undervalued in this price range, but they can influence resale appeal. The buyer should also confirm whether the land component is freehold or leasehold, as that can shift the long-term value proposition.
|| Comparable Sales: Similar two-bedroom units in Bellevue’s eastern precincts have transacted between $850K and $950K | Property Price Band: $800K–$900K | Value Drivers: Location proximity to amenities, unit condition, and land title type
Detailed Independent Property Report prepared by PropCred Analyst team for 28 Armstrong Approach, Bellevue WA 6056
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
The suburb is an entry-level market, with median house prices between $590,000 and $725,000 depending on source. Annual growth is reported anywhere from 6.3% to 29.4%, and houses sell in under ten days, pointing to scarce stock and strong competition. Rents for houses average $670–$690 weekly, with gross yields at 4.9% for houses and 4–6% for units. Demand comes from families, young professionals, and retirees attracted by school catchments and transport links, underpinned by employment growth in healthcare and retail. Future gains hinge on planned transport accessibility improvements and higher housing density. Risks are affordability pressure, interest-rate sensitivity, and a supply bias toward entry-level homes and renovations. Annual sales volumes are thin—41–47 houses and five units—so price data can be volatile.
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PropCred Estimated Value
Comparable Sales: Similar two-bedroom units in Bellevue’s eastern precincts have transacted between $850K and $950K | Property Price Band: $800K–$900K | Value Drivers: Location proximity to amenities, unit condition, and land title type
Bedrooms
4
Bathroom
2
Parking
2
Land
342m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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