Proudly Presented by Edward Lim | Ray White ELG
Meet 8 Michelle Street, Wilson, the cash flow property Perth investors have been hunting for. But here's what makes it truly special: this one is just as compelling to live in as it is to invest in.
Run the numbers and they speak for themselves. With 4 bedrooms and a study (that could be converted into a 5th bedroom) in the main house plus a self-contained granny flat, and rooms renting at $250 - $300 per week each (subject to relevant authorities), you're looking at $1,250 - $1,800 per week in gross rental income. A property that has every chance of putting money back in your pocket every single month. Positively geared. In Perth. Right now.
And with negative gearing reforms reshaping the investment landscape, positively geared properties like this aren't just attractive, they're becoming essential. This is exactly the asset smart investors are repositioning into.
Positioned only minutes from Curtin University, one of Australia's largest campuses with over 60,000 students. Demand for quality room by room rentals in this pocket is relentless, and the tenant pool is deep, consistent, and year-round. This isn't speculative, it's structural. Students need rooms. This house has five of them, plus a self-contained granny flat that adds yet another income stream.
Your options are genuinely enviable:
• Rent all 5 rooms individually (subject to relevant authorities), maximise yield, minimise vacancy risk
• Rent the main house + Airbnb or lease the granny flat separately
• Move the family in and house ageing parents or adult kids in the granny flat
• Hold and benefit from Wilson's continued capital growth story
This isn't just a numbers game, 8 Michelle Street is a genuinely beautiful place to call home. Freshly painted throughout, and a well-configured 4 bedroom, 2 bathroom layout means there's room for everyone to spread out and have their own space.
The self-contained granny flat is a game changer for modern families. Whether it's ageing parents who want independence without distance, adult children taking their first steps out of home, or a live-in arrangement that works for everyone - this is intergenerational living done right.
Outside, the 520sqm corner block delivers the space and privacy that's increasingly hard to find - low maintenance, yet generous enough for kids, pets, and weekend entertaining.
Not all of Wilson is created equal, and this property sits in one of its most coveted pockets. You're moments from the stunning Canning River, with its walking trails, parklands, and that rare sense of tranquility that reminds you why you chose this suburb in the first place. Margaret Park is right on your doorstep, and the beloved Fern Park Playground is just a 2 minute drive away.
Families are spoiled for choice with nearby schools, parks, and shopping, while professionals will love the effortless access to Curtin University, Westfield Carousel, the buzzing Victoria Park cafe strip, and a straight run into the Perth CBD.
The Home & What We Love?!
• Year Built: 1980 | Block Size: 520sqm, Total Living Space: Approx. 224m2 (Residence: 124m2, Garage: 23m2, Alfresco: 31m2, Verandah: 6m2, Undercover: 20m2 & Granny Flat: 40m2)
• Fantastic family-friendly location
• Generous 520sqm corner block
• Spacious 4 bedroom, 2 bathroom, plus study home
• Self-contained granny flat with separate living area, bathroom & bedroom
• Ideal for multi-generational living or extra income potential
• Stunning raked ceilings creating space and character
• Freshly painted throughout
• Brand new flooring throughout
• Spacious and functional kitchen
• Plenty of outdoor space for kids and pets
• Short stroll to Margaret Park
• Only minutes to Canning River & Fern Park Playground
• Easy access to Curtin University, Carousel & Perth CBD
• Low maintenance lifestyle opportunity
• Excellent investment or family home potential
Outgoings:
• Council Rates: $2,214.93 (FY 25-26)
• Water Rates: $1,269.84 (FY 24-25)
This is a suburb where people put down roots and never look back - and it's easy to see why. High demand, strong yields, and exceptional liveability all in one address. 8 Michelle Street isn't just a property, it's a lifestyle and a legacy.
Don't miss your opportunity to secure this fantastic family residence. Call listing agents, Edward Lim or Jaidyn Wood today before it's gone!
* We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.*
