3/70 Frederick Street, Shoalwater WA 6169
3/70 Frederick Street, Shoalwater WA 6169
2-bedroom unit in Shoalwater | 95mยฒ compact lot | near beach and shops | immaculate condition for investors
This property presents a clean entry point into a coastal suburb where land is scarce and demand is steady. The 95mยฒ lot, while small, is typical for units in this price bracket and reduces land tax exposure. The immaculate condition and neutral dรฉcor remove immediate renovation pressure, which matters for investors seeking a turnkey holding. Its position near the beach, shopping, and medical centres supports consistent tenant interest. The property suits first-home buyers wanting low-maintenance living or investors prioritising yield over capital growth.
The compact size limits owner-occupier appeal for families, which may cap long-term appreciation relative to larger units. Being part of a 10-unit complex introduces strata risk and potential for special levies. The 2022 sale without a disclosed price means recent market movement is unclear. However, the estimated $548,000 positions it competitively against newer stock. The buyer gains a low-fuss property in a sought-after pocket; hold for steady rental income or as a lifestyle base with limited upside from subdivision.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Shoalwater presents as a coastal suburb with a balanced market, where strong recent sales activity and swift selling periods indicate robust buyer interest. Demand is driven by both owner-occupiers and investors, the latter attracted by solid rental yields, particularly for units which have seen exceptional capital growth. While house price growth remains steady, the market faces constraints from limited available supply and broader affordability pressures, with future performance sensitive to interest rate movements.