60 Assen Street, Karloo WA 6530

60 Assen Street, Karloo WA 6530
3×1 on 750sqm | renovated 1986 build | low-maintenance with patio | rental yield near 5% | bushfire overlay present The buying case for this property rests on its combination of a freshly updated interior on a full 750 square metre block, which is a notably rare configuration in Karloo. The modern kitchen and bathroom, along with the full-length rear patio and enclosed yard, reduce immediate capital outlay for a buyer while providing a turnkey proposition for either immediate occupation or tenancy. This house is best suited to an investor seeking a low-management holding with a gross yield approaching 5%, or a first-home buyer wanting a move-in ready property without renovation demands. The primary risk is the bushfire overlay, which may impose additional building or insurance costs and should be reviewed with a surveyor before commitment. The flood and heritage overlays are less likely to materially affect a standard residential purchase, but they warrant confirmation. The asking price sits above a recent comparable estimate, so a buyerโ€™s position is strengthened by referencing the nearby 64 Assen Street sale and the propertyโ€™s own rental evidence to negotiate toward the mid-470,000 range. The NBN FTTP connection is a supporting advantage for remote workers or tenants.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 60 Assen Street, Karloo WA 6530
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Market Insight:

Karloo presents as a high-growth, tightly held market driven by strong investor demand for affordable housing, evidenced by exceptional capital growth and rapid sales. The suburb’s appeal is anchored by its compelling rental yields and low vacancy, attracting buyers seeking entry into the regional market. This intense activity has created a competitive environment with very limited stock turnover. Future performance will hinge on maintaining this demand-supply imbalance, though sensitivity to interest rates exists given the high proportion of mortgaged owners.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

1

Land

750mยฒ

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