211 Cape Street, Tuart Hill WA 6060

3 bed, 2 bath house | leased $650/wk to Oct 2026 | Tuart Hill, 362m² | 4 parking spaces This property presents a rare combination of immediate holding income and medium-term land value. The tenancy at $650 per week through October 2026 provides a clear cash flow floor, unusual for a house in this price bracket where most listings are vacant. The four parking spaces and 362m² lot are above average for Tuart Hill’s 3-bedroom stock, giving a buyer positional flexibility whether as a renovate-and-hold or a future subdivision play. It suits an investor seeking yield with optionality, or a buyer willing to wait out the lease before occupying. The primary risk is the fixed lease term—you cannot occupy for over two years, which limits appeal to owner-occupiers and may suppress resale liquidity. The median days on market of 7 days suggests strong demand, but this property’s tenancy may lengthen that. The adjacent vacant lot at 211A could eventually be developed, potentially altering street character. A buyer should factor a 2.5-year hold horizon, using the rental income to offset holding costs, then reassess for renovation or future subdivision if zoning permits.