5 Fabia Court, Maddington WA 6109

3-bed 1996 house | 508m² cul-de-sac block | leased to 2026 at $650/wk | double workshop & side access This property presents a compelling proposition for an investor or first home buyer seeking immediate income and functional utility. Its competitive strength lies in the combination of a larger-than-typical block in a quiet cul-de-sac, paired with a dual-purpose double workshop and secure side access—features uncommon in standard three-bedroom stock. The established lease provides instant yield and tenant certainty, making it a ready-made investment. It serves an investor best, though the practical layout and proximity to schools and transport also suit an owner-occupier willing to assume the tenancy. Proceed with the understanding that the 2021 sale price offers no current valuation benchmark, presenting a pricing risk. The lease, while providing income, limits owner-occupier entry until mid-2026. The commercial logic is clear: acquire a well-located, high-utility property with instant cash flow. The judgment call is to treat this as a buy-and-hold investment; its land component and functional improvements justify a long-term hold to realise capital growth while the lease services the debt.