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7/23 Forrest Street, Kalgoorlie, WA 6430

7/23 Forrest Street, Kalgoorlie, WA 6430 For Sale
7/23 Forrest Street, Kalgoorlie, WA 6430 7/23 Forrest Street, Kalgoorlie, WA 6430-Image 7/23 Forrest Street, Kalgoorlie, WA 6430-Image 7/23 Forrest Street, Kalgoorlie, WA 6430-Image 7/23 Forrest Street, Kalgoorlie, WA 6430-Image 7/23 Forrest Street, Kalgoorlie, WA 6430-Image 7/23 Forrest Street, Kalgoorlie, WA 6430-Image 7/23 Forrest Street, Kalgoorlie, WA 6430-Image 7/23 Forrest Street, Kalgoorlie, WA 6430-Image 7/23 Forrest Street, Kalgoorlie, WA 6430-Image 7/23 Forrest Street, Kalgoorlie, WA 6430-Image 7/23 Forrest Street, Kalgoorlie, WA 6430-Image 7/23 Forrest Street, Kalgoorlie, WA 6430-Image 7/23 Forrest Street, Kalgoorlie, WA 6430-Image
Unit
Type
2
Bedrooms
1
Bathrooms
137 m²
Area

Published on Wednesday, October 07, 2026 ( See property details for 7/23 Forrest Street, Kalgoorlie, WA 6430)

$375,000 Offers From

Iris Haynes - Real Estate Agent - John Matthew & Sons - KALGOORLIE
Iris Haynes Senior Property Consultant
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  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A well-maintained two-bedroom brick unit with a secure WACHS tenancy, offering a reliable investment opportunity in Kalgoorlie.

🏡 Property Highlights

  • Established tenant with lease renewed until June 2028
  • Gross rental yield of approximately 8.0%
  • Well-maintained property with recent improvements in 2024
  • Secure lease with WA Country Health Service (WACHS)
  • Low-maintenance courtyard with garden shed
  • Solid brick construction built in 1996

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Outdoor Area
  • Shed
  • Electric Cooking
  • Electric Hot Water
  • Separate Toilet
  • Combined Bathroom and Laundry
  • Easy to Maintain Yard
  • Brick Construction

Kalgoorlie offers a vibrant community with a strong local economy, excellent amenities, and a rich history in mining. The suburb features established infrastructure, convenient access to essential services, and a welcoming atmosphere, making it an ideal location for both tenants and investors seeking stability and growth opportunities. Its proximity to regional attractions and employment hubs further enhances its appeal for long-term residents and investors alike.

What is the current rental income and lease term?
The property is leased to WA Country Health Service at $580 per week until June 2028, providing a stable rental income.
Are there any recent upgrades or renovations?
Yes, improvements completed in 2024 include new carpet in both bedrooms, new blinds throughout, and general painting and maintenance.
What are the ongoing costs associated with the property?
Annual outgoings include an estimated strata levy of $2,142.86, water connection fees of approximately $300, and council rates (to be confirmed).
Is the property suitable for long-term investment?
Yes, with a solid lease in place, recent upgrades, and a gross rental yield of approximately 8%, it is an attractive option for investors seeking reliable income.
What is the condition of the property?
The property is well-maintained, with recent improvements and a routine inspection in May 2026 confirming its good condition with no immediate maintenance required.
Are there any upcoming strata or body corporate fee increases or special levies planned? Is there any history of flooding or bushfire risk in the area? Are there any zoning restrictions or easements affecting the property? What are the long-term plans for the surrounding neighbourhood that could impact value? Are there any planned developments or construction nearby that could cause noise or disruption? Has the property been inspected for structural issues or pests? Are there any hidden costs or upcoming maintenance expenses not disclosed? Is the water connection fee of approximately $300 per year subject to change? Are there any restrictions on property modifications or renovations? What are the details of the lease agreement and any potential for rent increases?

7/23 Forrest Street, Kalgoorlie, WA 6430 - More Details

$375,000 Offers From

Looking for an investment with an established tenant and a longer lease already in place? This two-bedroom brick unit deserves a closer look.

Leased to WA Country Health Service (WACHS), the lease was renewed in June 2026 for a further two years at $580 per week. At the asking price of $375,000, that represents an approximate 8.0% gross rental yield.

With improvements completed before WACHS moved in during 2024, this is a straightforward option for investors who value lease certainty and a property that is being well cared for.

Features

• Two bedrooms with build in robes
• One living area
• Kitchen and dining space
• Combined bathroom and laundry
• Separate toilet
• Electric cooking and hot water
• Easy to maintain Courtyard with garden shed
• Brick construction (1996)
• 137m2 allotment and 58m2 Floorplan (approx.)

Improvements Completed in 2024

• New carpet in both bedrooms
• New blinds in the bedrooms, lounge and at the sliding door
• Painting and general maintenance

Investor Snapshot

• Established WACHS tenancy since 2024
• Current rent: $580 per week (with yearly review)
• Lease until June 2028
• Annual rental income: $30,160
• Approximate gross rental yield: 8.0%, based on the asking price, before expenses
• May 2026 routine inspection recorded the property as being well maintained, with no maintenance required at that inspection

Outgoings

• Proposed strata levy for 2026/2027: $2,142.86 per year
• Council rates: To be confirmed
• Water connection fee: Approximately $300 per year

An established health service tenant, a renewed two-year lease and a solid rental return — there is plenty here to catch an investor’s attention.

To arrange a viewing please connect with Iris Haynes the Real Estate Pocket Rocket in Kalgoorlie-Boulder on 0420 471 461
Type
Unit
Bedrooms
2
Bathrooms
1
Area
137 m²

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