402/18 Hortus Way Jolimont WA 6014
402/18 Hortus Way Jolimont WA 6014
Luxury 2021 build | Fourth-floor treetop aspect | Dual garage & balcony | Prime Cambridge locale
This unit presents a competitively strong offering within its suburb, defined by its modern construction, superior spatial configuration, and elevated aspect. The combination of two car spaces, two bathrooms, and a 22m² balcony in a five-year-old building is rare for a two-bedroom apartment, positioning it above typical suburb stock. It serves buyers seeking a low-maintenance, high-amenity residence with a premium feel, capitalizing on the 80% owner-occupier demographic and proximity to quality schools.
The primary decision hinges on its price positioning significantly above the suburb median, against limited disclosed comparable sales. This demands rigorous valuation to justify the premium, while the bushfire overlay necessitates specific insurance assessment. The calculated gross rental yield is modest, framing this property as a long-term lifestyle hold rather than a high-income investment. For a precise market valuation, locality risk profile, and tailored due diligence checklist, a Propcred report provides the necessary commercial logic for this transaction.
Recent suburb sales data indicates active turnover, with 17 properties sold this year and four recent sales in Jolimont. While specific comparable prices are not detailed, this volume confirms market liquidity. The listing price must be benchmarked against these actual transactions to test its validity against genuine buyer demand.
Detailed Independent Property Report prepared by PropCred Analyst team for 402/18 Hortus Way Jolimont WA 6014
Market Insight:
Jolimont presents a stable, established residential market with a clear divergence between its house and unit segments. Demand is notably strong for units, evidenced by high sales volume, while the house market exhibits steady turnover with modest price adjustments. Recent conditions show houses transacting efficiently, and the unit segment has experienced significant price appreciation. Future growth will be supported by its proximity to central Perth and key infrastructure, though the market’s sensitivity to broader economic factors remains a consideration for affordability.