3/37 Sylvester Street, Coolgardie, WA 6429

$229,000

Unit
Type
2
Bedrooms
1
Bathrooms
1
Parkings
137 m²
Area

Published on Wednesday, October 14, 2026 ( See property details for 3/37 Sylvester Street, Coolgardie, WA 6429)

$229,000

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

A low-maintenance, income-generating 2-bedroom brick and iron unit in Coolgardie with excellent rental returns and no strata fees.

🏡 Property Highlights

  • Strong rental yield of approximately 9.5%
  • No strata fees, reducing ongoing costs
  • Currently leased at $400 per week until 2027
  • Low-maintenance brick and iron construction
  • Private, easy-care courtyard
  • Ducted air conditioning throughout

✨ Key Features

  • Built-in Robes
  • Bathroom
  • Courtyard
  • Ducted Air Conditioning
  • Brick and Iron Construction
  • Floorboards
  • Garden Shed
  • Undercover Carport
  • Open-Plan Living
  • Pet-Friendly

Coolgardie is a historic gold mining town offering a peaceful lifestyle with strong community ties. It features affordable real estate, a growing local economy, and easy access to outdoor activities. The area is ideal for investors seeking reliable rental income in a stable regional setting. With its rich history and friendly atmosphere, Coolgardie provides a unique opportunity for property investment. The town’s infrastructure supports a comfortable lifestyle with essential amenities nearby.

What are the ongoing costs associated with this property?
The primary ongoing costs include council rates of approximately $2,272.15 annually. There are no strata fees, which helps keep maintenance costs low.
Is the property suitable for tenants?
Yes, the property is currently leased at $400 per week until February 2027, making it an attractive rental option for tenants seeking a low-maintenance home.
What features make this property low-maintenance?
The property features easy-care flooring, a private paved courtyard, and minimal garden upkeep, making it ideal for investors seeking a hassle-free rental.
Are there any restrictions or covenants on the property?
The property is a standalone unit with no strata fees, and there are no known restrictions; however, prospective buyers should verify with local council for any specific covenants.
What is the condition of the property?
The property is well-maintained, with durable brick and iron construction, and features like ducted air conditioning and easy-care flooring throughout.
Are there any upcoming council or infrastructure projects in Coolgardie that could affect the property or its value? Has the property been inspected recently for any structural issues or repairs needed? Are there any easements, zoning restrictions, or planning overlays affecting this property? What are the long-term rental market trends in Coolgardie? Are there any planned developments nearby that could impact the property's value or rental appeal? Is the current lease compliant with local tenancy laws, and are there any upcoming lease expirations to consider? Are there any hidden costs associated with the garden shed or other minor structures? Has the property been tested for pests or environmental hazards? Are there any restrictions on pet ownership in the complex or local area? What are the terms of the current lease, and are there options for renewal or early termination?

3/37 Sylvester Street, Coolgardie, WA 6429 - More Details

$229,000

Low maintenance, strong rental returns and NO strata fees! This neat and tidy 2-bedroom, 1-bathroom brick and iron unit in Coolgardie is an ideal addition to any investment portfolio. Currently leased at $400 per week until 18 February 2027, the property offers an approximate 9.5% gross rental return, with very little upkeep required. It's a straight forward, income-producing investment that makes owning property easy!

Property Features:
• 2 bedrooms, both with built-in robes
• 1 well-maintained bathroom
• Comfortable lounge room
• Functional kitchen with ample bench and cupboard space
• Dining area with access to the courtyard
• Ducted air conditioning throughout
• Durable brick and iron construction
• Easy-care flooring throughout the living areas
• Private, paved courtyard with minimal maintenance required
• Garden shed for additional storage
• Undercover carport
• NO STRATA FEES!
• Council rates: $2272.15
• Currently leased at $400 per week until 18/02/2027
• Approx. 9.5% gross rental return

With a tenant already in place, excellent rental yield potential and virtually no gardens to maintain, this property is all about keeping things simple while generating income.

Investors, don't miss this one! Contact Ella on 0458 496 215 for further information.
Type
Unit
Bedrooms
2
Bathrooms
1
Parkings
1
Area
137 m²

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