41/169 Great Eastern Highway, Belmont WA 6104

2-bed 1990 unit | 52m² land | 2+2 car spaces | flood & heritage overlay | Belmont City College catchment This unit presents a functional entry into a high-growth suburb, anchored by its substantial car accommodation—a relative rarity for apartments—which secures long-term utility and broadens its tenant appeal. Its position within the sought-after Belmont City College catchment directly targets family demand, while the 1990s build offers a more substantial land component than contemporary stock. This configuration best serves an investor seeking durable rental appeal or an owner-occupant needing practical space, capitalising on suburb momentum without premium pricing. Decision hinges on navigating the explicit flood overlay, which imposes future insurance costs and financing scrutiny, directly eroding yield. The heritage controls may restrict renovation upside, locking in the existing floor plan. However, the 95% appreciation since 2005 demonstrates underlying resilience. Acquire strictly at a discount to the $515k median to buffer risk, then hold for continued rental demand from local college families. This is a tactical hold, not a strategic asset. * A comparable 1-bedroom unit in the same complex sold for $330,500 in September 2024. * The median unit price for Belmont is currently $515,000. This recent sale confirms a baseline value, while the listing price positions this 2-bedroom unit at a notable premium over the 1-bedroom sold price, which you must justify through its additional bedroom and superior car accommodation against the broader suburb median.