Spacious Family Home with Excellent Investment Returns!

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32 Steel Street, Derby WA 6728

$580,000

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$580k - $609k Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 2 Baths 2 Cars 635 m² 188 m²

Listed: 4 days ago

Overview

This expansive house at 32 Steel Street offers significant appeal through its balance of spacious living and investment potential. Nestled on a generous 635 square metre block, the property provides ample room to enjoy both indoor comfort and outdoor space, which suits family life as well as rental occupation.

The home accommodates four bedrooms and two bathrooms, delivering sufficient flexibility for families or tenants to settle comfortably. The building's footprint stands at a substantial 188 square metres, providing a solid sense of space inside.

For investors, an assured rental income is a standout feature. The property is secured with a long-term lease generating a healthy weekly return of $950, guaranteed until December 2028. This stable tenancy offers income certainty, underlining the property as a sound addition to a portfolio.

The combination of space, secure tenancy, and strong returns marks this property as attractive both for those launching their property investment journey and seasoned buyers aiming to fortify their holdings. The location in Derby and the property's size make it well-suited to a demographic seeking long-term value and easy maintenance within a lived-in community.

Spacious interior with four bedrooms and two bathrooms supports family versatility.
Ample outdoor space on a 635sqm block facilitates leisure and lifestyle activities.
Long-term lease delivers dependable rental income through December 2028.
Strong investment opportunity with substantial building size and secure tenancy.

This property is a distinguished option for those prioritizing secure returns alongside comfortable and adaptable living environments.

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.