3/13 Upper Esp Bunbury WA 6230
3/13 Upper Esp Bunbury WA 6230
3-bed townhouse | Bunbury Senior High catchment | no flood/heritage overlays | complex with recent rental activity
This property presents a competitively priced, low-maintenance entry into a stable owner-occupied locality, directly serviced by a government high school. Its configuration suits a downsizer or investor seeking a established complex with demonstrated rental demand, evidenced by a comparable unit leasing at $700 weekly. The absence of overlays simplifies due diligence.
The primary risk is the 17% asking premium over the sole complex comparable sale from fifteen months prior, against a softening auction market. Secure it only at a price acknowledging this gap, positioning it for long-term holding to benefit from rental income or eventual equity growth. Our report would pressure-test this valuation, detail strata health, and identify locality-specific insurance and holding costs.
* Unit 25/13 (same complex): Sold for $510,000 (Jan 2025). This sale anchors the complex’s recent market value.
* This unit currently asks $599,000+, creating a notable premium that requires justification through superior attributes or market movement.
The asking price demands validation against broader suburb sales, as the immediate comparable suggests limited capital growth in the near term.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/13 Upper Esp Bunbury WA 6230
Market Insight:
Bunbury’s position as a key regional centre is underpinned by its port infrastructure and coastal lifestyle appeal. Demand is driven by families and first-home buyers seeking relative affordability, alongside investors capitalising on rental demand from port and service industry workers. Recent price growth reflects a competitive, fast-moving market with low vacancy. Future growth is linked to ongoing infrastructure investment and its role as a regional employment hub, though affordability pressures and supply constraints present risks in a rate-sensitive environment.