FL 1 15/59-65 Malcolm Street, West Perth WA 6005

1966-built 1-bed strata | West Perth core | High-turnover demand | Renovated interior | Heritage/Flood overlays. This unit presents a competitively strong, high-yield entry into the tightly held West Perth market. Its fully furnished, renovated state and central positioning serve the investor seeking immediate rental income with minimal outlay, capitalising on consistent demand from CBD-proximate tenants. The small strata lot size is offset by the property’s operational readiness and the building’s demonstrated liquidity, appealing to a hands-off buyer. Decision hinges on navigating the fixed constraints of heritage and flood overlays, which limit alteration potential and may impact insurance costs. The commercial logic is clear: acquire for yield, not speculation on value-add through renovation. Hold as a short-to-medium term income property, leveraging the high tenant turnover. For precise valuation against recent building sales and to assess locality-specific risk, a Propcred report provides essential due diligence. Recent sales within this complex demonstrate a compressed value range and robust yields: – 63/59-65 sold for $365,500 (May 2025), yielding 9.25%. – Units 94 and 74 sold at $420,000. – Unit 55 sold for $360,000, yielding 8.81%. This cluster confirms the subject property’s likely valuation band and supports the advertised yield, establishing a track record of investor demand for this specific building type.