43A Slalom Drive, Wembley Downs WA 6019

1969 duplex | shared 817sqm lot | leased to 2027 | walk to beach & Holy Spirit School This property presents a rare, lower-cost entry into a premium coastal suburb, achieved through its duplex configuration on a shared land title. Its strong, long-term tenancy and proximity to sought-after schools and the beach make it ideal for an investor seeking stable yield or a future owner-occupant waiting for potential strata conversion. The unit is exceptionally well-maintained and offers a functional layout with quality finishes for its era, positioning it as a resilient holding in a high-demand locale. The primary risk is the shared land title, which complicates financing and future development, potentially limiting buyer pool and capping capital growth relative to freehold houses. The opportunity lies in the steady rental income underpinning yield while banking on suburb-wide appreciation. For a buyer, this is a strategic hold: acquire the tenancy, monitor strata conversion feasibility, and benefit from the suburb’s upward trajectory without the premium for a standalone house. Recent sales context: • 16 Slalom Dr: $3.25m (Oct 2023) for a 6-bedroom house. • 8B Slalom Dr: $960k (2023) for a 3-bedroom unit. • 43 Slalom Dr (adjacent, off-market): estimated $1,103,000 for a similar 2-bedroom configuration. This confirms the suburb commands premiums for family homes, while this property’s asking price in the mid-$1m’s aligns with the duplex segment. The disparity highlights this unit’s value proposition as an entry point into the area.