49 Angelo Street, Armadale WA 6112

Currently under offer after 9 days on market | Estimated value $658k with $590pw rental yield | 3 bed 1 bath on 350m² near schools | Built 1970, flood overlay noted. Charming 1970s house with light-filled living, functional gas kitchen, three bedrooms, and a spacious layout across a 91m² footprint. A single carport suits a compact family, with a low-maintenance yard ideal for first-home buyers or investors seeking entry-level affordability. Positioned in a family-friendly pocket, it appeals to young families or downsizers drawn to its walkable proximity to Dale Christian College (0.2km), Neerigen Brook Primary (0.6km), and Armadale Senior High (1.6km), plus reliable NBN fibre and 5G coverage. Demand remains firm for straightforward configurations in this established zone, evidenced by the rapid move to under offer amid expressions of interest. It sits in the budget segment, targeting buyers priced out of larger homes but wanting proximity to amenities without premium costs. Location perks include easy council access and no bushfire/heritage issues, though a detected flood overlay warrants due diligence—elevated at 40m with a 4m roof height offers some buffer. Rental appeal shines at high-confidence $590 weekly (5-6% gross yield), drawing steady tenant interest from local workforce families, as seen in prior lease activity. Growth drivers hinge on Armadale’s ongoing revitalization, with spillover from Perth’s southern corridor expansion boosting values for renovated originals like this. Opportunities lie in value-add renos to lift appeal and yields, capitalizing on tight supply for 3b1b homes. Risks center on flood zoning potentially capping insurance or financing, plus a single bathroom limiting family throughput without upgrades—position it as a solid starter with upside for hands-on owners.