SECURE GOVERNMENT LEASE - NUMBERS WORTH A LOOK.
Some investment properties need a generous imagination. This one starts with a calculator—and makes a rather persuasive introduction.
With a government lease in place at $1,850 per week, due for renewal on 25 May 2027, this four-bedroom, two-bathroom home offers investors an established income stream in a popular South Hedland location. At the asking price, the current rent represents approximately 10.9% gross annual rental yield, before expenses. That should give your spreadsheet something to smile about.
Built in 2008, the solidly constructed home occupies an easy-care 520sqm corner block, combining practical family living with the low-maintenance features investors appreciate. After all, owning an investment should not require adopting a second occupation as a gardener.
Inside, the open-plan kitchen and living area creates a welcoming central hub, with an island bench providing room for meal preparation, casual dining and the inevitable gathering around the kitchen. Tiled kitchen and living areas keep everyday upkeep straightforward, while split-system air conditioning and ceiling fans throughout help take the edge off the Pilbara heat.
Outside, a large front verandah offers a shaded place to unwind, full perimeter fencing defines the grounds, and a double carport provides covered parking for two vehicles. It is a practical package designed for comfortable living without an elaborate maintenance routine.
For investors seeking a substantial family home with an existing government tenancy and a strong gross rental return, 31 Minderoo Avenue deserves closer inspection. The appeal is clear: comfortable accommodation for the occupants and compelling numbers for the owner.
Contact Rick Hockey for more information on 0438 934 093
