INVESTMENT OPPORTUNITY - STAFF ACCOMODATION

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5 Yeeda Close, Derby WA 6728

$595,000

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$595k - $625k Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 4 Baths 6 Cars 1139 m²

Listed: 52 days ago

Updated: 5 days ago

Overview

This unique property in Derby presents an excellent investment opportunity featuring four individual one-bedroom, one-bathroom units consolidated under a single, established brick roof. Its design cleverly accommodates multiple tenants, providing diversified rental income streams from a single location, enhancing financial stability for investors.

With the potential for full occupancy, each unit can rent at approximately $395 weekly, yielding a collective weekly income of $1,580 or an annual gross income exceeding $82,000. This could translate into a significant gross return nearing 13.8% based on the asking price, prior to expenses such as management fees and maintenance costs.

Beyond existing income, the property stands out for its additional land, offering scope for future development. Planning amendments approved in 2009 suggest the possibility to extend the site by adding up to three more units, subject to local council approvals and regulations. This flexibility allows investors to grow the asset’s revenue potential further if desired.

The off-street parking and vehicle access enhance tenant convenience, while the brick construction underscores durability and minimal upkeep requirements. While the property requires ongoing maintenance and active management to sustain returns, its configuration and location provide a sound foundation for steady, regional investment income.

This property is particularly suitable for experienced investors seeking a multi-unit asset with both immediate income and expansion possibilities, especially those familiar with managing regional portfolio properties.

Four individual one-bedroom, one-bathroom units under one roof
Brick construction ensuring longevity and low maintenance
Potential combined rental income of $1,580 weekly
Off-street parking facilities for tenants
Additional land supporting possible development of up to three extra units
Located in a regional hub with stable rental demand

Prospective buyers are encouraged to conduct due diligence regarding tenancies, expenses, and planning requirements to fully assess this property’s investment suitability.

Local Market Insights

In Derby, Quiet Listings observed 4 new houses entering the market over the last 30 days, down from 5 during the previous 30-day period, with an average advertised asking price of $467,250. All new listings observed during this period were Houses. The most active agency for houses in the Derby area is currently Ray White, representing 75% of new listings, followed by Hutchinson Real Estate with 25%. 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.