6/59 King George Street, Victoria Park WA 6100

1-bed unit with tenant | park-front location | low-maintenance interior | long-tenure building This unit presents a stable, low-effort investment in a well-established complex, ideal for a passive buyer seeking immediate rental income without renovation or vacancy risk. Its park-front position within a mature building of predominantly long-term owners signals a settled community, reducing tenant turnover and protecting your yield. The existing tenancy ensures seamless cash flow from day one. Your decision hinges on accepting sub-market growth for reliable income, as comparable sales show modest long-term appreciation against high initial yields. Secure this property if you prioritize consistent returns over capital gains, using the in-place tenant to offset holding costs while benefiting from the park-side locale. Consider a medium-term hold to leverage Victoria Park’s ongoing gentrification. Recent sales within the building provide a clear value benchmark: – Unit 18 (1 bed) sold for $390,000, demonstrating the achievable price point for similar layouts. – Unit 5 (1 bed) purchased for $260,000, now yielding 8.8%, highlights the high-yield potential of well-priced units. The $380,000 estimate for this property aligns with the building’s recent sales, suggesting it is priced at market without a premium for its park outlook or tenanted status.