1/19 Kennedy Street, Pemberton WA 6260
1/19 Kennedy Street, Pemberton WA 6260
Compact two-bedroom front unit | secure fenced backyard | leased until late 2026 | strong rental yield | low-maintenance entry-level buy
This unit holds a clear edge for buyers wanting low upkeep without sacrificing outdoor space. The fully fenced backyard with rear gate access is genuinely uncommon for a ground-level apartment, giving it a house-like feel while keeping maintenance minimal. Positioned as the front unit in a small complex, it offers a degree of privacy and street presence that rear units often lack. The refurbished kitchen and built-in robes in both bedrooms lift it above tired rental stock, and the current lease at $360 per week until September 2026 means immediate income for an investor. For a first home buyer or downsizer, the compact 60 square metre internal layout is practical and easy to manage, while the secure yard suits a small dog or simple gardening. The property sits comfortably within Pemberton’s mixed residential character, close to the district high school and town services, making it a sensible choice for those seeking a foothold in the area without taking on a large detached house.
The combined bathroom and laundry is a functional compromise rather than a flaw, but it may limit appeal for buyers wanting separate wet areas. Strata fees of roughly $636 per quarter are modest, though they do add a fixed cost that should be factored into any yield calculation. Water and council rates combined approach $3,750 annually, which is meaningful against the rental return. The property is sold as is, so any deferred maintenance becomes the buyer’s responsibility, and the older-style construction may need occasional attention. The fixed lease provides income certainty but also delays any owner-occupier move-in until late 2026, which could influence timing for buyers planning to live there soon. These factors may shape your view on price, but they do not detract from the unit’s core strengths.
|| Comparable Sales: 9/14 Kennedy Street sold for $89,000 in Feb 2018; 8/19 Kennedy Street rented at $400/week | Property Price Band: $200,000–$300,000 | Value Drivers: existing lease income, refurbished kitchen, secure yard and front position
Detailed Independent Property Report prepared by PropCred Analyst team for 1/19 Kennedy Street, Pemberton WA 6260
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Pemberton, in the Shire of Manjimup, is a small rural town with a population under 1,000 and land blocks up to 2.17 hectares, positioning it as a lifestyle and acreage buyer market. Demand is driven by acute scarcity; only one property was available for rent and one for sale in the past month, and just one unit traded in twelve months. Median house prices span $440,500 to $515,000 depending on source, with annual growth between 20.8% and 43.06%, though the lower REIWA figure reflects a cooler 2026 read. Houses sell in 7 to 45 days, with annual sales volume of 24–33, indicating a thin but liquid market. The tight rental stock supports $550 weekly rent and encourages further demand, but the extremely low turnover and price surge present affordability and valuation risk.
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PropCred Estimated Value
Comparable Sales: 9/14 Kennedy Street sold for $89,000 in Feb 2018; 8/19 Kennedy Street rented at $400/week | Property Price Band: $200,000–$300,000 | Value Drivers: existing lease income, refurbished kitchen, secure yard and front position
Bedrooms
2
Bathroom
1
Parking
1
Land
1.07 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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