37/169 Great Eastern Highway, Belmont WA 6104

compact 1-bed villa | 37m² on 62m² lot | pool & gym complex | Belmont investment starter | 1987 build The property’s competitive strength lies in its entry-level price point within a fully amenitised complex—pool, gym, tennis court—which typically commands stronger rental demand from singles or couples seeking low-maintenance living near the city. The 37m² internal area is small but efficient, and the 62m² lot with a secure carport adds practical value for a first home buyer or investor targeting the sub-$500k market. Its configuration as a lock-and-leave unit suits those prioritising location over space, and the reliable NBN connection supports remote work. The flood overlay is the primary risk, potentially affecting insurance costs and resale liquidity; buyers should verify the overlay’s severity with council and obtain a flood certificate before committing. The heritage overlay may restrict future modifications, though for a compact villa this is less impactful. With no recent comparable sales, pricing relies on the 2012 sale and estimated values—negotiate firmly on that basis. Hold for rental yield or use as a city-fringe base, but avoid overpaying given the overlay constraints.