5 King Street, South Boulder WA 6432

4 bed 2 bath on 506sqm | tenanted to Sep 2026 at $650pw | detached house 152sqm internal | gross yield near 6.1% implied This is a straightforward detached house on a standard suburban lot, configured for occupancy rather than display. The four bedrooms and two bathrooms place it in the family-sized bracket, while the existing tenancy at $650 per week until September 2026 gives an investor immediate income certainty and a gross yield that sits well above what most metro markets currently offer. The 152 square metre internal area is generous for a four bedroom home on this lot size, suggesting the layout prioritises liveable space over outdoor area. For a buyer seeking a buy-and-hold rental property with a tenant already in place, this house presents a low friction entry point into the South Boulder market, where detached housing on moderate lots remains the dominant product type. The tenancy running through to September 2026 is the strongest signal here, but it also means a buyer cannot occupy the property themselves or adjust the rent until that lease ends. The $550,000 listing price and $650 weekly rent imply a gross return of roughly 6.1%, which is solid for a detached house, though that yield is based on the current rent and may not reflect market upside potential. The single car space is a constraint for a four bedroom house, particularly if the tenant or future owner has multiple vehicles. No information on the building’s age or condition was available, so the buyer should verify the structural and mechanical state before forming a final view on price.