9/143 Edinboro Street, Joondanna WA 6060

1969 build | 21-unit complex | long-tenure stability | primary school catchment | no overlays This unit presents a competitively priced entry into a stable, low-turnover strata complex in a established suburb. Its strongest position is for a first-home buyer or downsizer seeking a low-maintenance property within a specific school catchment, with the extended tenure of many owners indicating general resident satisfaction. The absence of overlays simplifies due diligence. The primary risk is the wide variance in historical sale prices within the complex, suggesting individual unit condition or sale circumstances heavily influence value. The modest lot size limits future expansion. For a buyer, the opportunity lies in acquiring a functional property in a settled community, but it demands a thorough building inspection against those comparable sales. This property is best held as a long-term residence, not for short-term gain. Recent sales within the same complex provide critical context: – Unit 2 sold for $440,000 after 11 years (2.49% annual growth) – Unit 1 sold for $465,000 after 7 years (7.46% annual growth) – Unit 5 sold for $370,000 after 11 years (1.45% annual growth) This disparity underscores that underlying condition and timing are paramount; your purchase price must be justified by the unit’s present state, not averages.