41/19 Joseph Street, Maylands WA 6051

41/19 Joseph Street, Maylands WA 6051
Renovated top-floor 2x1x1 | secure gated | separate laundry and WC | strong rental yield | compact 59m2 Renovated top-floor units in Maylands are not common, and this one has the practical extras that make it liveable: separate laundry, separate WC, gas cooking, and a private balcony. The secure gated complex adds privacy, while the undercover car bay removes the street-parking problem. With 59 square metres over two bedrooms, one bathroom, and one car space, a compact but complete layout is offered. It should suit first-home buyers wanting a lock-and-leave start, downsizers shifting from a house, or investors seeking a low-maintenance unit with proven rental demand in the area. Strata charges should be treated as the main value constraint, as the combined quarterly levies are high for a 59 square metre unit. The price may be kept in standard apartment territory by the compact footprint and the lack of land or outlook. Rental yield is a genuine strength, but the outgoings should be verified before a view is formed.
Detailed Independent Property Report prepared  by PropCred Analyst team for 41/19 Joseph Street, Maylands WA 6051
Checks found:
Value Risk
Liquidity Risk
Planning Risk ! 1
Income Risk 2
Execution Risk 2
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Market Insight

Maylands, an inner-Perth suburb, draws demand from young professionals aged 30-39; population rose 4.95% from 2016 and household incomes are high. House prices have climbed 23.8-31.4% annually to $1.09M-$1.27M, while units grew 18.3-22.3% to $550k-$600k. Market conditions are tight: houses sell in 10-13 days. Rents are firm at $750/week for houses and $595/week for units, with yields of 3.4-3.6% and 5.4-5.6% respectively. Transport connectivity underpins future demand, as does continued population growth. Constraints remain: affordability is stretched, with median monthly mortgage payments of $2,410 in Perth’s top 26%, and 30.1% of stock is rentals, leaving the suburb exposed if tenant demand weakens.
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PropCred Estimated Value

Comparable Sales: 1/41 Joseph Street townhouse sold $395k in 2019 | Property Price Band: $400k–$500k | Value Drivers: renovated condition, top-floor layout, rental yield

Bedrooms

2

Bathroom

1

Parking

1

Land

60m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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