38/31 Wellington Street, Mosman Park WA 6012

Heritage overlay | 2-bed flat with pool | high rental yield | tree-top balcony views This unit presents a competitively strong rental investment within a character-filled complex, underscored by its high-confidence gross yield of approximately 6.7%. The combination of a recent renovation, sought-after amenities like a pool and large balcony, and its position in the coastal Mosman Park precinct creates a compelling proposition for an investor seeking low-maintenance, high-demand accommodation. It serves best as a passive income generator, with immediate tenancy potential evidenced by its concurrent rental listing. Key decision points involve the heritage overlay, which may constrain future alterations and requires due diligence, and the price premium implied by the current guide relative to its estimated value. The opportunity lies in securing a turnkey property in a stable, high-amenity suburb with strong school catchments. The commercial logic supports a hold strategy for rental return, not short-term capital gains, given the recent rapid appreciation since 2020.