Modern Investment - Government Lease ($880 per week)

This modern four-bedroom, two-bathroom home offers a practical family layout, 2 living areas, timeless finishes and a strong rental return.

This home has been leased since May 2019 to GROH (Government Regional Officer Housing) and provides immediate income already in place. Multi year Lease extensions are common for Government tenancy.

Home Buyers have the change to purchase now and move in next year in January when the current lease finishes.

Inside Features

• 4 spacious bedrooms and 2 bathrooms
• Main bedroom with built-in robes and private ensuite
• Built-in storage to all minor bedrooms
• Modern family bathroom with separate bath and shower
• Front media room or second living area
• Open-plan kitchen, dining and family living area
• Ducted heating and cooling through out
• Modern kitchen with island bench, gas cooking and dishwasher
• Quality stone kitchen benchtops
• Porcelain floor tiles throughout the main living areas, providing a timeless and low-maintenance finish
• Carpeted bedrooms and media room
• Separate toilet
• Practical laundry with direct outside access
• Approximately 150m² of internal living space

Building Construction

• The property is constructed using a Magnesium Oxide (MgO) performance wall system
• MgO walling is a lightweight construction system suitable for internal and external walls
• The wall system is designed to provide fire, acoustic, impact, moisture and termite-resistant properties
• Construction completed in 2016

Outside Features

• Covered outdoor entertaining area
• Secure and low-maintenance backyard
• Established lawn areas
• Double garage with auto roller door
• Neat street appeal
• Approximately 454m² allotment

Investor Snapshot (approx. 7% Gross Rental Yield)

• Currently rented for $880 per week
• Fixed lease to The Housing Authority
• Lease expiry: 28 January 2027
• Same tenant in place since 2019
• Annual gross rental income of approximately $45,760
• The May 2026 routine inspection found the property was being maintained to a good and satisfactory standard
• No immediate maintenance was required
• No future property improvement recommendations were identified

Outgoings:

• Council Rates: $3,393.92 (2025-2026)
• Water Connection Fee approx. $300 per annum

This is an opportunity to secure a modern and established investment with quality, low-maintenance finishes and excellent rental income from settlement.

For more information connect with Iris Haynes the Real Estate Pocket Rocket in Kalgoorlie-Boulder on 0420 471 461

Features