Positioned in a quiet cul-de-sac and set on a generous 1,034m² block, this well-maintained brick and iron residence, built in 2005, presents an outstanding opportunity for investors seeking immediate rental income, future development potential, and long-term capital growth.
Investor Snapshot:
Current Rent: $650 per week
Gross Rental Yield: Approx. 4.84%
Lease Expiry: 31st December 2026
Approx. Shire Rates: $2,355 p.a.
Approx. Water Rates: $1,650 p.a.
Zoning: R30
Currently leased to excellent tenants at $650 per week until 31st December 2026, this property offers a secure income stream from day one, delivering an attractive gross rental yield of approximately 4.84%, making it a smart addition to any investment portfolio.
Adding further appeal, the property is zoned R30 within the Shire of Northam, offering potential future development or subdivision opportunities (subject to buyer due diligence with the Shire of Northam and all relevant approvals), enhancing the long-term upside for astute buyers.
Designed with versatility in mind, the spacious floor plan includes 4 bedrooms and 2 bathrooms, with a flexible separate living zone incorporating its own bedroom - ideal for multi-generational living, guest accommodation, a teenager's retreat, or potential dual-living style use.
At the centre of the home, the functional kitchen features ample storage, an electric cooktop and separate oven, overlooking the open plan dining and living area. The main living zone is fitted with reverse cycle air conditioning, ensuring year-round tenant comfort and broad rental appeal.
Sliding doors open to a paved outdoor entertaining area, while both the front and rear yards are fully enclosed, providing privacy, security, and practical low-maintenance outdoor space attractive to families and long-term tenants alike.
A generous theatre room adds further value, creating an additional living area that enhances flexibility and tenant desirability.
The remaining three bedrooms are positioned along the rear wing, all complete with built-in robes, while the practical laundry further complements the home's functional design.
Key Investment Features:
Built in 2005
Solid brick and iron construction
4 bedrooms, 2 bathrooms
Flexible floor plan with separate living/bedroom zone
Large theatre room / second living area
Open plan kitchen, dining and living
Reverse cycle air conditioning
Fully enclosed front and rear yards
Paved outdoor entertaining area
Quiet cul-de-sac location
Generous 1,034m² block
Located in Northam, a regional centre experiencing strong rental demand and low vacancy rates, this property appeals to a broad tenant pool including families, local workers, commuters and FIFO personnel.
Conveniently positioned approximately 80km to Midland and 86km to Perth Airport, the location offers accessibility while maintaining the lifestyle benefits of regional living.
Offering immediate rental return, low-maintenance construction, strong tenant appeal, and future development potential, this is an excellent opportunity for investors seeking a quality asset with dependable income and upside.
***NOTE*** Internal photography is pre-tenancy (2023).
All inquiries to exclusive selling agents Elders Real Estate
Sharon Johnson | 0418 958 651 | Sharon.Johnson@elders.com.au
