Case Studies

123 Watkins Street, White Gum Valley, Western Australia

Three-level residential complex comprising of 12 individually strata titled units offering three 1-bedroom and nine 2-bedroom units with an allocated car bay each. Valid subdivision approval for 5 lots of 256sqm each of excess rear land. Proximity to major arterial routes of Carrington Street, Leach Highway and South Street.

Key attributes include:

  • 2,630sqm site area
  • Passing net income of $132,163pa
  • Three 1-bedroom units with undercover car bay
  • Nine 2-bedroom units with undercover car bay
  • Excess developable land of 1,280sqm to rear
  • Subdivision approval for 5 lots (256m² each)
  • Residential R20/25 zoning
Sales Analysis
Sale Price:$4,020,000
Sale Date:January 2024
Yield – Passing:3.28%
1-bed unitsThree
2-bed unitsNine
Price per unit$335,000
Land area2,630sqm
Land price/sqm$1,529/sqm
Purchaser:Local investors
Sales Process:Expression of Interest campaign
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