98/49 Mcgregor Road, Palmyra WA 6157

Modern two-bedroom apartment | heritage overlay zone | lock-and-leave appeal | strong rental demand This unit offers a rare combination of modern construction and heritage-area positioning, placing it in a competitively scarce segment of the Palmyra market. The 2019 build ensures lower immediate maintenance, while the two-bedroom, two-bathroom configuration with one car space suits both downsizers seeking simplicity and investors targeting the professional tenant demographic. The village-like community setting and NBN Fibre to the Premises add practical convenience, and the property’s location within the Melville Senior High School catchment broadens its appeal to families. For a buyer wanting a low-maintenance foothold in an established, well-served suburb, this unit presents a straightforward proposition. The heritage overlay introduces a specific risk: any future external alterations or redevelopment will require council approval, which may limit flexibility for owner-occupiers or investors considering long-term changes. Strata levies and sinking fund adequacy should be verified, as the complex’s size and shared facilities can produce unexpected special levies. The 2021 sale history and current under-offer status suggest the property has already attracted buyer interest, so a purchaser must be prepared to act decisively. The rental estimate range of $655 to $800 per week supports a solid investment case, but the zero percent auction clearance rate in the area signals that negotiation leverage may be limited in this price bracket.