7/33 Newcastle Street Perth WA 6000

West-facing private courtyard | long-term tenant in place | resort-style complex | 2016 build | freeway access This unit presents a competitively strong offering for an investor seeking immediate, stable income with minimal vacancy risk, given the established tenancy secured until 2027. The configuration is rare for the complex, pairing a two-bedroom layout with a substantial private courtyard, an outdoor entertainment feature that enhances livability and future rental appeal. Its 2016 construction within a full-amenity building positions it as a modern, low-maintenance property, best serving a passive buyer. The primary decision factors are the undisclosed strata levies, a material cost unknown that requires immediate clarification, and the reliance on a single stacker parking system. The commercial logic is clear: secure a tenanted property with a unique outdoor space in a high-demand rental market. Proceed only after verifying strata health and budgeting for potential levy increases; this is a hold-for-income property. Our report would pressure-test the real market valuation against recent complex sales and detail locality-specific risks and insurance benchmarks. A comparable unit in the same building, 35/33 Newcastle Street, sold for $560,000 in June 2025. This recent sale provides a credible benchmark, suggesting the market has established a value foundation for similar two-bedroom units in this complex within the last year, against which any offer should be calibrated.