Yokine

Swan St, Yokine Triplex Developments

Swan St, Yokine Triplex Developments

This innovative triplex development in Western Australia demonstrates creative design to fit three units on a block with lower R30 zoning.
JAV Triplex Swan St Yokine

Creative and Durable Triplex Development in Yokine

This innovative triplex development in Yokine demonstrates creative design to fit three units on a block with lower R30 zoning. While higher R40 zoning would have allowed for 3-bedroom, 2-bathroom units, the current zoning resulted in:

  • Front Unit: 1 bedroom, 1 bathroom
  • Middle and Back Units: 4 bedrooms, 2 bathrooms each

Quality and Durability

Each unit is finished with high-quality materials and durable construction, ideal for the build-to-rent market. This ensures longevity and minimal maintenance for tenants, enhancing the property’s appeal.

Cost-Efficient Design

This single-storey complex eliminates the need for costly strata management, saving occupants extra costs. The developer decided to retain all three units, generating positive cash flow to cover the mortgage.

Efficient Timeline and Maintenance

The entire build was impressively completed within 12 months, from site works to handover. Minimal landscaping ensures easy maintenance, meeting the developer’s brief for low upkeep.

Strategic Investment

This project highlights how thoughtful planning and quality construction can optimize space and functionality, even under zoning constraints, making it an excellent example of triplex developments in Yokine. The high-quality finishes and durability make it a robust investment for the build-to-rent market, ensuring long-term returns and tenant satisfaction.

Project Details

Location

Swan St, Yokine, WA

Year of Build

2019

Zoning

R30

Size of Block

861m2

Total Build Area

492m2

Land Value

$285,000 (2003)

Building Cost

$651,000

Financial Outcomes

Positive Cash Flow 8.7%