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Overview
Located in a desirable area near the local golf course, this modern and well-maintained residence at 3 Edgar Street offers a substantial opportunity for investors seeking stability and long-term income. This 4-bedroom, 2-bathroom home is designed to meet the needs of tenants looking for comfort and practicality in a quality property.
Currently leased to the Government Regional Officer Housing (GROH) under a fixed-term agreement terminating on August 28, 2029, the property delivers a dependable weekly rental income of $1,050.00. The lease includes annual market rent reviews, ensuring the investment remains aligned with current market conditions. The tenancy is government-backed, offering an increased level of security and reliability for any investor. Additionally, the consistent upkeep and maintenance associated with such tenancies provide peace of mind.
The property sits on a 580 square meter allotment, providing a well-balanced outdoor space that prioritizes privacy and ease of use. The house itself has a practical layout centered around an open-plan living, dining, and kitchen area. This layout supports a low-maintenance lifestyle well-suited to the Kimberley region’s climate and lifestyle requirements.
Inside, durable and easy-care tiled flooring runs throughout, supporting both comfort and longevity. Fixtures and fittings are of quality standard, creating an inviting and functional living environment. The kitchen has an outlook over the main living zone making it conducive to family living. Bedrooms are generously sized and include built-in storage solutions. The bathroom setup is modern and caters well to the needs of tenants, further enhancing appeal.
Outside, the property benefits from covered parking facilities and neatly presented gardens that are reticulated and designed for minimal care, reducing maintenance demands. The backyard offers ample usable space that remains manageable, meeting the needs and practicalities of long-term tenant occupancy.
With this secure government lease, the property ensures reliable ongoing income combined with the benefit of annual market-driven rent adjustments. Located close to recreational amenities, 3 Edgar Street represents a solid regional investment with excellent prospects for consistent returns.
Key investment features include:
- GROH fixed-term lease in place until August 28, 2029
- Current weekly rent of $1,050.00
- Annual market rent reviews starting August 2026
- Shire rates currently approximately $4,770 per annum
- Water rates approximately $1,603 per annum
Local Market Insights
In Derby, Quiet Listings observed 3 new houses entering the market over the last 30 days, up from 2 during the previous 30-day period, with an average advertised asking price of $411,667. The property type mix of listed properties is predominantly Houses at 67%, followed by units (17%), and commercial properties (17%). Ray White was the most active agency in this area, representing 66.7% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Derby WA 6728
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 166 m² |
Market Insights for Derby WA 6728
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