3/36 Starlight Place, South Kalgoorlie WA 6430

Tenant secured until 2026 | Quiet cul-de-sac position | Strong owner-occupier street | 1985 build with split-system cooling | Flood overlay noted This villa offers a rare combination of immediate income certainty and a genuinely quiet residential position at the base of a cul-de-sac in a street dominated by long-term owners. The fixed lease through September 2026 removes vacancy risk for an investor seeking stable cash flow from day one, while the open-plan layout, deck, and split-system air conditioning make the unit livable and lettable to the local workforce or small family. South Kalgoorlie’s demographic tilt toward younger households and high owner-occupancy rate of 75% signals a stable rental catchment with limited turnover risk. The property serves best as a low-management addition to a portfolio where income continuity matters more than short-term capital gain. The flood overlay is a specific risk that must be assessed via a professional building inspection and insurance quote before proceeding, as it may affect both structural resilience and premium costs. The 1985 build age means older systems and finishes may require attention within the first ownership period, though the current lease mitigates immediate outlay pressure. Comparable sales on the same street show a wide value range, with one villa selling at a loss in late 2025; this suggests limited forced-appreciation potential and places weight on the tenant’s reliability and renewal likelihood. The asking price appears aligned with market levels when the lease’s value is factored in, but the buyer’s margin depends on confirming no hidden overlay costs or deferred maintenance.