Residz Team 2 min read
Nestled in the vibrant coastal suburb of Scarborough, Western Australia, Unit 35 at 2 Brighton Road offers a unique opportunity to experience beachside living at its finest. Although currently off the market, this property exemplifies the allure and lifestyle that Scarborough is renowned for.
Prime Coastal Location
Situated a mere 0.35 kilometers from the pristine shores of Scarborough Beach, residents of this unit enjoy unparalleled access to sun, surf, and sand. The proximity to the coast not only offers breathtaking ocean views but also ensures a plethora of recreational activities are right at your doorstep.
Community and Demographics
Scarborough is characterized by a dynamic and diverse community. The average age of residents is 42, with households typically comprising 1.9 individuals. The area boasts a robust employment rate of 93.54%, and families earn an average weekly income of $3,264. This affluence contributes to the suburb's gentrified character, marked by a high percentage of professionals and a focus on quality living.
Real Estate Insights
The real estate market in Scarborough reflects its desirability, with an average property price of $972,027. This figure is based on recent transactions and indicates a market that is both competitive and steadily appreciating. High demand, coupled with limited supply, often results in multiple offers exceeding asking prices. While prices are above the market average, a more sustainable rate of growth is anticipated in the short to medium term.
Connectivity and Infrastructure
For those who require reliable internet connectivity, the area offers impressive speeds with downloads at 100 Mbps and uploads at 40 Mbps, catering to both professional and entertainment needs. Additionally, the suburb's infrastructure supports a balanced lifestyle, with medium-density housing that seamlessly integrates residential spaces with shops, open areas, and essential facilities.
Environmental Considerations
While the property boasts a minimal bushfire risk rating of 0/10, it's important to note that there is a potential for land contamination in the area. Prospective buyers are encouraged to conduct thorough due diligence and consult environmental reports to ensure comprehensive awareness of any potential concerns.
Market Dynamics and Future Outlook
Scarborough's real estate landscape is influenced by its high average incomes and professional demographic, ensuring a sustained focus on quality housing. The competition for available properties is intense, often leading to offers that surpass asking prices. While the presence of industrial buildings in the wider area may influence lifestyle perceptions, local employment opportunities remain robust, bolstering the suburb's attractiveness to both first-time homebuyers and seasoned investors.
Conclusion
Unit 35 at 2 Brighton Road encapsulates the essence of Scarborough's coastal charm and modern living. Its prime location, coupled with a vibrant community and promising real estate trends, makes it a noteworthy consideration for those seeking a blend of relaxation and urban convenience in one of Western Australia's most coveted suburbs.
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