Strong GROH Returns or Future Vacant Possession

Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

13 Edgar Street, Derby WA 6728

Offers From $600,000

Search Band Search Visibility Band

$600k - $650k High Confidence Calculated based on strong search observations.

House 4 Beds 2 Baths 1 Car 542 m²

Listed: 33 days ago

Updated: 7 days ago

Overview

Situated in the private and established Ashley Grove Estate, this property at 13 Edgar Street, Derby offers a unique blend of investment potential and future owner-occupation opportunity. Currently leased to the Government Regional Officers' Housing (GROH) scheme at $1,100 per week, it presents a reliable gross annual rental income of $57,200, with the existing lease running until July 2027. This setup ensures secure returns for investors seeking minimal vacancy risk and consistent income, while providing foresight and flexibility for purchasers planning a future move-in.

Constructed by a reputable Kimberley builder, HM Tracey, the home is designed with generous proportions and a practical layout that suits both comfortable family living and the requirements of corporate tenants typical in Derby. The entrance welcomes residents and guests into a spacious and naturally well-lit living area, fostering a bright and inviting atmosphere. Overlooking this is a contemporary kitchen that connects seamlessly to an outdoor patio, encouraging both relaxed everyday meals and social entertaining.

The master suite stands out with its substantial space, complemented by a walk-in robe and an ensuite featuring a large shower, while other bedrooms benefit from built-in robes and individually controlled split-system air conditioning units, enhancing comfort throughout varying weather conditions. Beyond the interiors, the property supports outdoor living with a shaded verandah and a patio area, ideal for enjoying established gardens and well-maintained lawns, creating a balanced indoor-outdoor lifestyle.

Additional practical features include a double carport with ample room for a boat or extra vehicles—appealing to those with varied transport or recreational needs. The quiet setting within Ashley Grove provides a serene environment, reinforcing the property’s suitability for families and professionals alike.

Given the high cost and limited availability of quality housing in Derby, this property uniquely combines immediate rental income with a solid asset foundation that allows for potential future occupation. It stands as a desirable option for investors, families, and corporate clients looking to secure a secure and well-located residence in the region.

Local Market Insights

In Derby, Quiet Listings observed 5 new houses entering the market over the last 30 days, unchanged from 5 in the prior period, with an average advertised asking price of $443,800. All new listings observed during this period were Houses. The most active agency for houses in the Derby area is currently Ray White, representing 80% of new listings, followed by Hutchinson Real Estate with 20%. 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.