184B Hare St, West Lamington, WA, 6430

UNDER OFFER Eastern states investors — tired of low yields and high holding costs? This is the shift. Leased to the WA Housing Authority until August 2028, this is a secure, high-performing asset delivering strong income from day one. The Property • 3-bedroom, 1-bathroom brick/veneer home • Open plan living, dining with updated kitchen and bathroom • Practical layout suited to long-term tenancy • Not located in a bushfire or flood zone Investment Snapshot • $720 per week rental income • Lease secured to August 2028 • Rent review due June 2026 • Reliable tenant in place since August 2021 • Low vacancy risk • No strata fees – 2-lot subdivision, both with street frontage • 496m² block | 119m² home Why This Outperforms • Approx. 8% gross yield • Perth typical yields: ~4%–5% • Sydney/Melbourne: ~2.5%–4% • Strong cash flow from day one • Lower holding costs, less reliance on growth • Tight local rental market supporting demand Income & Outgoings • $37,440 annual income Estimated Outgoings • Rates: ~$2,400 • Water: ~$300 • Management: ~$3,180 • Maintenance: ~$1,000 • Insurance: ~$1,500 Total: ~$8,380 Condition • Updated kitchen and bathroom • Well maintained by current owners • Presented in good condition throughout • No immediate maintenance required Why This One Performs Government leases with strong weekly rent are tightly held. Add low maintenance, no strata fees and proven tenant stability — this is a clean, reliable investment. Secure This Investment Contact Iris Haynes on 0420 471 461 if you are interested in this property and like to get more information

Type

House

Bedrooms

3

Bathrooms

1

Parkings

1