5 Mayflower Avenue, Alkimos WA 6038

4 bed, 2 bath, 2024 build | 300sqm block, 226sqm living | high-growth coastal Alkimos | low-maintenance for families or investors The property’s primary buying case rests on its recent construction and generous internal footprint relative to the block size, which is rare in new subdivisions. The 226sqm of living space on a 300sqm lot signals efficient design, not compromise, and the ducted climate control and modern finishes reduce immediate capital outlay for a buyer. It sits within intake for Shorehaven Primary and Alkimos College, which anchors demand from young families. The previous rental of $650 per week and current estimates near $720 suggest the house can support strong cash flow without relying on premium finishes. For a buyer seeking a turnkey holding in a corridor with 13.8% annual median growth, this property offers a clean entry point with limited deferred maintenance. The main risk is the land-to-building ratio: a 300sqm block limits future subdivision potential and leaves no buffer for structural additions, which may cap long-term capital gains compared to larger lots in the same suburb. The 2023 purchase price of $243,000 and subsequent construction cost mean the current price largely reflects replacement value, leaving less room for arbitrage. However, the absence of bushfire, flood, or heritage overlays reduces insurance and compliance costs. The fibre connection and 5G coverage are secondary benefits that support remote work. Hold this property for rental yield and coastal growth, not for land banking.