38/75 Phoenix Road, Spearwood WA 6163

2 bed 1 bath unit | 75 Phoenix Road complex | solid rental yield potential | newly listed in Spearwood This property offers a rare combination of affordability and strong rental fundamentals in an established Spearwood complex. Its compact 63m² configuration is well suited to first-home buyers seeking a foothold or investors chasing yield, with comparable units in the same complex achieving over 8% rental return. The Fremantle College catchment and 5G coverage add practical appeal for tenants or owner-occupiers. What makes this unit competitively positioned is its entry-level price point within a complex that has demonstrated moderate capital appreciation and consistent tenant demand. The primary risk is the older 1970s construction, which may require maintenance or strata levies that could compress net returns. Buyers should verify the strata financials and sinking fund before committing. The unit’s smaller floorplan limits its appeal to families but strengthens its position in the rental market. A smart approach is to hold this property for cash flow rather than short-term capital gain, using the strong yield to offset holding costs while the Spearwood market continues its steady growth trajectory.