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5 Richardson Street, Mount Magnet, WA 6638 For Sale
5 Richardson Street, Mount Magnet, WA 6638 5 Richardson Street, Mount Magnet, WA 6638-Image 5 Richardson Street, Mount Magnet, WA 6638-Image 5 Richardson Street, Mount Magnet, WA 6638-Image 5 Richardson Street, Mount Magnet, WA 6638-Image 5 Richardson Street, Mount Magnet, WA 6638-Image 5 Richardson Street, Mount Magnet, WA 6638-Image 5 Richardson Street, Mount Magnet, WA 6638-Image 5 Richardson Street, Mount Magnet, WA 6638-Image 5 Richardson Street, Mount Magnet, WA 6638-Image 5 Richardson Street, Mount Magnet, WA 6638-Image 5 Richardson Street, Mount Magnet, WA 6638-Image 5 Richardson Street, Mount Magnet, WA 6638-Image

5 Richardson Street, Mount Magnet, WA 6638

Offers from $175,000

House
Type
3
Bedrooms
1
Bathrooms
1
Parkings

Published on Friday, October 09, 2026 ( See property details for 5 Richardson Street, Mount Magnet, WA 6638)

Offers from $175,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A practical and affordable three-bedroom home on a spacious 1,012sqm block in Mount Magnet, offering strong rental returns and established tenancy.

🏑 Property Highlights

  • Established long-term tenant already in place, ensuring immediate rental income
  • Impressive gross rental yield of approximately 13.76%
  • Affordable entry point into the Western Australian property market
  • Generous 1,012sqm landholding providing ample outdoor space
  • Solid steel-frame construction with low-maintenance exterior
  • Prime location in the historic gold mining region of Mount Magnet

✨ Key Features

  • Steel-frame construction with iron roof and exterior cladding
  • Three good-sized bedrooms
  • Master bedroom with built-in robe, wall-mounted air conditioner
  • Ceiling fans to bedrooms two and three
  • Separate lounge with wall-mounted air conditioner and ceiling fan
  • Open-plan kitchen and dining area
  • Kitchen equipped with gas cooktop, oven and double sink
  • Bathroom with shower, bathtub and vanity
  • Covered outdoor patio
  • Carport
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5 Richardson Street
Mount Magnet, WA 6638
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Vertical aerial view β€” 5 Richardson Street
5 Richardson Street — Vertical Aerial  •  Mount Magnet, WA 6638  •  Nearmap © 2026

Mount Magnet is a vibrant regional town rich in mining heritage, offering affordable housing options, a close-knit community, and convenient access to local amenities. Its strategic location provides excellent investment potential, supported by a stable economy and established infrastructure. The town features essential services, schools, and shopping facilities, making it an ideal choice for both investors and residents seeking a relaxed lifestyle. With its strong community spirit and historical significance, Mount Magnet presents a compelling opportunity for property buyers. The area’s affordability and growth prospects make it a desirable destination for those looking to enter the Western Australian property market.

What is the condition of the property and are there any recent renovations?
The property is well-maintained with a practical design, featuring durable steel-frame construction and low-maintenance exterior cladding. No recent renovations are specified, but the home is in good condition for immediate occupancy or rental.
What are the ongoing costs associated with owning this property?
Ongoing costs include rates, insurance, maintenance, management fees, and utilities. These should be verified with the relevant local authorities and service providers.
Is the property suitable for future development or expansion?
The property sits on a generous 1,012sqm block, which may offer potential for future development or extensions, subject to council approval and zoning regulations.
Are there any planning restrictions or zoning considerations?
The property is located within the town of Mount Magnet, and zoning details should be confirmed with the local council to understand any restrictions or development potential.
What are the nearby amenities and services available?
The property offers convenient access to local shops, schools, and essential town amenities, making it suitable for tenants and future residents.
Are there any hidden costs or upcoming maintenance expenses not disclosed? Has the property been inspected for structural issues or pest infestations? Are there any zoning restrictions or planned developments in the area that could affect the property’s value? Is the property compliant with all local building codes and regulations? Are there any easements, covenants, or restrictions on the land? What are the flood or bushfire risks associated with this location? Are there any planned infrastructure projects or construction nearby that could impact the property? Is the current tenant aware of the lease terms and conditions, and are there any pending lease renewals?

5 Richardson Street, Mount Magnet, WA 6638 - More Details

Offers from $175,000

Looking for an affordable investment property with strong rental returns and an established tenant already in place?

Welcome to 5 Richardson Street, Mount Magnet - a fantastic opportunity to secure a positively geared investment in Western Australia's historic gold mining region.

Positioned on a generous 1,012sqm block, this neat and practical three-bedroom home is currently leased at $450 per week to a reliable, long-term tenant who has taken great care of the property.

With an asking price of just $175,000, the property generates an impressive gross rental income of $23,400 per annum, representing approximately 13.37% gross rental yield.

Built with a steel frame, iron roof and low-maintenance exterior cladding, the home offers practical living spaces, air conditioning, a covered outdoor patio and a carport. Its established tenancy and attractive rental return make it a compelling addition to an investment portfolio.

FEATURES
β€’ Steel-frame construction with iron roof and exterior cladding
β€’ Three good-sized bedrooms
β€’ Master bedroom with built-in robe, wall-mounted air conditioner
β€’ Ceiling fans to bedrooms two and three
β€’ Separate lounge with wall-mounted air conditioner and ceiling fan
β€’ Open-plan kitchen and dining area
β€’ Kitchen equipped with gas cooktop, oven and double sink
β€’ Bathroom with shower, bathtub and vanity
β€’ Separate toilet
β€’ Covered outdoor patio
β€’ Carport
β€’ Generous 1,012sqm landholding

INVESTMENT HIGHLIGHTS
β€’ Asking Price: $170,000
β€’ Current Rental Income: $450 per week
β€’ Annual Rental Income: $23,400
β€’ Gross Rental Yield: Approximately 13.76%
β€’ Tenancy: Reliable, long-term tenant in place
β€’ Land Area: 1,012sqm

About the Town - Mount Magnet
Mount Magnet is a well-established regional community with a rich mining heritage, providing an affordable entry point into the Western Australian property market. Situated in the heart of the town, the property offers convenient access to local shops, schools and essential town amenities.

Contact Listing Toolbox today for further information or to discuss this investment opportunity.

Disclaimer: All information is provided for general marketing purposes and should be independently verified by prospective purchasers. Rental income reflects the current advised rent. Gross rental yield is calculated on the asking price before management fees, rates, insurance, maintenance, vacancy and other ownership expenses. Past or current rental performance is not a guarantee of future returns.
Type
House
Bedrooms
3
Bathrooms
1
Parkings
1

Map & nearby places — 5 Richardson Street, Mount Magnet, WA 6638

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