5/386 Stirling Street, Highgate WA 6003

Two-level townhouse layout | Private courtyard & dual balconies | Vibrant Highgate walkability | Leased in one month This property presents a competitively strong configuration for its class, merging the space and privacy of a two-level townhouse with a low-maintenance unit format. The private courtyard and dual balconies are rare for a one-bedroom offering, directly serving professionals or downsizers seeking inner-city vibrancy without sacrificing private outdoor space. Its immediate lease at the market rate confirms high rental demand, positioning it as a secure investment or a low-hold-cost entry into a premium suburb. The primary risk is the inherent illiquidity and strata complexity of a unit on a large, shared lot, which may constrain capital growth relative to standalone houses. However, the established rental demand and ‘lock & leave’ design present a clear commercial logic for a passive investor. This property is a hold proposition for a buyer seeking reliable yield in a walkable location, not a short-term development play. Last sold September 2016 for $420,000. This represents a significant appreciation from its 2009 listing price of $379,000. The historical growth trajectory supports the suburb’s established desirability, though future gains will be more closely tied to overall market movements than individual property performance.