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Back 41/406 Hay St
Off Market

41/406 Hay St

Somerville WA 6430

2
2
1
187 m²
Unit
Iris HaynesIris Haynes, last sold this property on 17 January 2026 after 2 days on market.

Overview

SET & FORGET INVESTMENT – GOVERNMENT LEASE

Set in the tightly held suburb of Somerville, this is a smart, low-risk investment opportunity with income security already in place. Leased to GROH (Government Regional Officers’ Housing) until October 2027, the property delivers reliable rental income, strong yield and minimal management, making it ideal for investors seeking a true set-and-forget asset in the current Kalgoorlie-Boulder market. INVESTOR ALERT • Securely leased to GROH (Government Regional Officers’ Housing) • Lease in place until 24 October 2027 • Current rent: $580 per week • Approx. 8.6% gross rental yield at a purchase price of $350,000 • Rent review opportunity in October 2026 • Built-in rental security with a government-backed tenant STRATA-MANAGED BENEFITS • Building insurance included (contents only required) • Common areas and security gate maintained • Water usage for common areas included • Pest inspection for complex included THE INVESTOR NUMBERS • Strata administration: $305.75 per quarter • Reserve fund: $155.20 per quarter • Total strata fees: $460.95 per quarter (Total $1,843.80 for 2025/2026) • Water rates: approx. $300 per annum • Council rates: $2,439.52 (2025/2026) WHY THIS STACKS UP • Strong income supported by reliable, long-term tenancy • Reduced vacancy risk compared to open market rentals • Predictable outgoings with strata-managed maintenance • Affordable strata fees at $460.95 per quarter • Building insurance included – contents only required • Ideal set-and-forget investment for local or interstate buyers • Located in Somerville, a consistently strong rental pocket of Kalgoorlie-Boulder With long-term government tenancy in place, a strong yield and minimal management required, opportunities like this are tightly held and highly sought after in the current Kalgoorlie-Boulder market. For more information: Contact Iris Haynes on 0420 471 461 today to secure this solid investment opportunity.

Features

2 bedrooms
2 bathrooms
1 carspace
1 carport space
187 m² lot size
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Somerville over the last 12 months, the estimated median property value of 41/406 Hay St is $337k.

Median value
$337k
Estimated value range
$299k - $380.1k
Median days on market
15
Estimated value trend
27%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Somerville. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 41/406 Hay St

2026
Sold
17 Jan 2026 by Iris Haynes, of John Matthew & Sons - Kalgoorlie
2018
Rented
Undisclosed
Leased on 14 Oct 2018 by Kalgoorlie Metro Property Group
2018
Rented
Undisclosed
Leased on 04 Apr 2018 by Kalgoorlie Metro Property Group

Happy sellers in Somerville

90%
90% of sellers in Somerville reported that their sale price either exceeded or met their price expectations.

Somerville stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 20 reviews in Somerville over the last 12 months.

Local market activity for 2 bedroom units in Somerville

In the last 12 months, 7 two-bedroom units similar to 41/406 Hay St, have been sold.

This represents a 34% increase in two-bedroom units sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Somerville

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Iris Haynes

Sellers who recommend Iris Haynes have praised them for being clear communication, local expert, responsive, dedicated, well-prepared, supportive and reliable

  •   4.9   (515 reviews)
  •  8 Reviews in Somerville
  •  10 Sales in Somerville
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Shack Evans

Sellers who recommend Shack Evans have praised them for being clear communication, local expert, responsive, supportive, stress-free process, detail-oriented and proactive

  •   4.9   (127 reviews)
  •  7 Reviews in Somerville
  •  7 Sales in Somerville
View profile
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Carla Viskovich

Sellers who recommend Carla Viskovich have praised them for being clear communication and local expert

  •   5   (34 reviews)
  •  4 Reviews in Somerville
  •  2 Sales in Somerville
View profile
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Larissa Todd

Sellers who recommend Larissa Todd have praised them for being clear communication

  •   5   (31 reviews)
  •  2 Reviews in Somerville
  •  11 Sales in Somerville
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