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25/4 Ochiltree Street, Somerville WA 3912

$389,000

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$389k - $408k Transparent Transparent Listing Based on an openly advertised listing price.

Unit 2 Beds 1 Bath 1 Car 165 m²

Listed: 15 hours ago

Overview

Situated in a quiet and established complex towards the rear of the block, this well-maintained 2-bedroom unit offers a compelling investment opportunity with immediate returns, thanks to a long-term tenant secured until January 2029. The solid brick and iron construction ensures durability and low maintenance demands, appealing to investors seeking a hassle-free income stream.

The living spaces are functional, featuring a comfortable separate lounge area and a combined kitchen and dining zone that supports everyday living with ease. Evaporative air-conditioning, newly updated in early 2025, provides climate comfort, enhancing tenant satisfaction year-round.

Two bedrooms come equipped with built-in wardrobes, offering practical storage solutions, while the bathroom includes a bathtub and combined laundry facilities, maximizing the efficient use of space within the home.

Partially furnished with essential items including queen beds, lounge furniture, and major appliances, facilitating a smooth tenant transition.
Undercover parking and a sheltered verandah enhance the property's usability and provide protection from the elements.
Annual outgoings, including council rates, water rates, and strata levies, are reasonable, supporting positive net income prospects.

The property management is handled by an experienced agency, ensuring professional oversight and tenant care, as confirmed by recent inspections. With a gross rental yield of approximately 7.75%, investors can expect robust returns in a stable rental market.

This unit will attract investors focused on secure, long-term rental income without the complication of tenant sourcing or property upkeep, as well as first-time investors entering the market looking for good rental performance within a sought-after suburb of Somerville.

Local Market Insights

In Somerville, Quiet Listings observed 3 new units entering the market over the last 30 days, down from 4 during the previous 30-day period, with an average advertised asking price of $526,333. The property type mix of listed properties is predominantly Houses at 73%, followed by land (15%), and units (12%). The most active agency for units in the Somerville area is currently John Matthew & Sons, representing 33% of new listings, followed by L Cooper Real Estate with 33%. 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.