12 Kingston Way, Safety Bay WA 6169

Fixed-term lease to Dec 2026 | 17% site coverage only | no interior photos | single bathroom for four bedrooms The property carries structural constraints that directly affect its value. the 17% building coverage on a 685m² block limits redevelopment upside, and the single bathroom for four bedrooms reduces appeal to owner-occupiers. the fixed tenancy at $630 per week provides stable cashflow but locks in below-market rent if yields tighten, costing the buyer opportunity in a rising rental market. For an investor, this holds as a buy-and-hold income stream; for a family, it requires acceptance of the bathroom bottleneck. The competitive strength here is the reliable rental income until 2026 with no overlay risks, giving a buyer time to align capital with future zone changes. the fully fenced and gated block offers security, and the single garage with off-street capacity suits portfolio landlords in the Rockingham council area. this property serves best an investor seeking passive income rather than a renovator or end-user. From comparable sales, 13 Kingston Way last traded at $329k in 2008 and is under offer October 2024, suggesting low turnover and price stickiness in the street. the inference is that this property’s current asking range reflects market premiums from the tenancy not the building itself, making due diligence on physical condition essential before progressing.