54C Halley Street, Innaloo WA 6018

54C Halley Street, Innaloo WA 6018
Modern double brick home | Park-facing position | Yuluma Primary zone | Innaloo tight rental market This property offers a rare combination of modern construction and park adjacency in a suburb where newer homes near green space command a premium. The 2008 double brick build provides superior thermal mass and lower maintenance than older stock, while the park orientation delivers enduring lifestyle value and passive outlook protection. For a buyer seeking a turnkey three-bedroom home with strong rental fundamentals, the positioning within Yuluma Primary intake and absence of overlay risks reduce long-term uncertainty. The compact 272m² lot with 55% site coverage is efficient rather than generous, suiting owner-occupiers or investors prioritising low upkeep over expansion potential. The primary risk is price discovery: the $1,000,000 asking sits below estimated value range, but the property has only been marketed three days, suggesting possible vendor urgency or strategic pricing to generate competition. Comparable 9D Halley Street on a slightly smaller lot carries a higher estimate, reinforcing that this property may be undervalued relative to local benchmarks. The tight rental market with midpoint $895 per week supports yield above 4.6%, making it viable for investors, though buyers should verify whether the park views are fully retained by any future development. FTTP connectivity and 5G coverage add convenience but are not decisive factors.
Detailed Independent Property Report prepared  by PropCred Analyst team for 54C Halley Street, Innaloo WA 6018
Checks found:
Value Risk ✓
Liquidity Risk ✓
Planning Risk ✕ 2
Income Risk ✕ 2
Execution Risk ✓
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Market Insight

Innaloo is a well-connected suburb offering a compelling mix of urban convenience and coastal proximity, anchored by major retail facilities. Demand is driven by a young demographic seeking lifestyle benefits, reflected in a consistently fast-moving market with strong recent price appreciation. Future growth is underpinned by its enviable location and low vacancy rates, though high entry costs and sensitivity to economic conditions present key considerations for buyers.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

272m²

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