8/27 Adair Parade Coolbinia WA 6050

Fully renovated 1-bed unit | Heritage overlay | Strong rental yields | Inner north Perth location This property presents a competitively strong, low-maintenance entry into a high-demand inner-city suburb dominated by larger, more expensive houses. Its full renovation and single-level strata format best serve an investor seeking a turnkey property or a downsizer prioritizing location over space. The established complex demonstrates consistent capital growth and robust rental demand, translating to a secure, income-producing holding. The primary risk is the heritage overlay, which may constrain future alterations and requires due diligence. The single bedroom limits buyer pool upon resale compared to two-bedroom units. For a buyer, the commercial logic is clear: acquire a modernized unit in a proven complex with yields near 5.5%, using its rental income to service debt while benefiting from suburb-wide appreciation. This is a hold for cash flow. Our analysis provides the real market valuation, strata health checks, and locality risk assessment needed to secure it. Recent sales within the same building at 27 Adair Parade demonstrate a clear value trajectory: – Unit 4 (1 bed): Sold for $505,000, achieving 18.96% annual growth. – Unit 12 (1 bed): Sold for $470,000, achieving 24.12% annual growth. – Unit 9 (2 bed): Sold for $650,000 in November 2025. This data confirms strong capital growth for one-bedroom layouts, directly supporting the asking price for this renovated offering.