1/23 Knowsley Street W, Derby WA 6728

2-bed villa in boutique six-residence complex | leased at $915/wk to 2027 | heritage-area location | parking configuration inconsistent across sources This property presents a rare combination of high rental income and low-maintenance living in a tightly held market. The two-bedroom, two-bathroom villa sits within a small, well-maintained complex of only six residences, offering privacy and minimal upkeep that suits investors or downsizers. Its compact 88 m² floorplan with open-plan living and private outdoor area is practical for tenants seeking simplicity, while the fixed lease at $915 per week through April 2027 provides immediate cash flow certainty. In a suburb with limited listings and average prices around $380,000, this property’s secure tenancy and boutique complex character are competitive advantages for buyers prioritizing yield over space. The reported price guidance above $440,000 may be tested against the property’s actual value, given the estimated figure around $380,000 and the suburb average. The heritage-area designation might introduce planning sensitivity, though no specific restrictions are described. Parking details vary across sources, so a physical inspection should confirm the actual configuration. The building’s age and finish quality are unverified, which may affect long-term maintenance expectations. These factors should be weighed when forming a view on price, particularly against the strong rental return.