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76A & B Corbel Street, Shelley WA 6148

Offers Over $1.1mil

Search Band Search Visibility Band

$1.1M - $1.21M High Confidence Calculated based on strong search observations.

House 4 Beds 2 Baths 2 Cars 537 m²

Listed: 56 days ago

Updated: 54 days ago

Overview

This property offers a rare and promising opportunity with two street-front homes located in the desirable riverside suburb of Shelley. Situated on a 537 square meter survey strata tilted block, this income-producing asset is strategically positioned with convenient access to Leach Highway, nearby bus routes, the river, and the newly developed Shelley beach playground.

The property caters to various lifestyle choices, whether as an investment with dual rental incomes, live-in with rental assistance, or as a redevelopment site for a new home. Both units feature functional layouts with 2 bedrooms and 1 bathroom each, complemented by split system air-conditioning for comfort throughout the year.

Each home includes a single carport along with additional parking bays, providing flexibility for vehicles and guests.
Generous front and rear yards offer outdoor space for relaxation or gardening, enhancing livability and curb appeal.
Services are individually metered for water and power, ensuring clear utility billing and management, and the property benefits from underground power, which is both reliable and visually unobtrusive.

Unit A stands out with recent paintwork, maintaining a fresh and welcoming interior, while Unit B boasts a unique walled front garden and a handy storeroom, adding to its functional outdoor space. Currently, Unit A commands a secure rental income of $575 per week through to June 2027, while Unit B is occupied by a periodic tenant at $450 per week, with potential for rent review.

Financially advantageous, the property holds low outgoings since it is on a single title, with only one council rate and two water rates, complemented by a joint strata insurance arrangement without additional strata levies. This setup appeals to investors seeking steady income with manageable expenses.

Overall, this property is suited for investors wanting a solid rental return in a popular riverside location, or for developers and owner-occupiers looking to capitalize on the flexibility and potential for redevelopment offered by dual homes on a substantial block. The location’s accessibility and local amenities add tangible value to this versatile offering.

Local Market Insights

In Shelley, Quiet Listings observed 24 new houses entering the market over the last 30 days, down from 28 during the previous 30-day period, with an average advertised asking price of $763,767. The property type mix of listed properties is predominantly Houses at 97%, followed by units (3%). The most active agency for houses in the Shelley area is currently RE/MAX Whatcom County & RE/MAX Gateway, representing 63% of new listings. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.