1/11 Scott Street, Bunbury WA 6230

Renovated duplex with ocean views | Strong lease in place | Compact but efficient layout | Walk to beach and city This property presents a rare combination of immediate rental income and lifestyle appeal. The fully renovated interior with plantation shutters and quality finishes removes the typical renovation burden for a buyer, while the current lease at $650 per week until January 2027 provides a clear cash flow runway for an investor. The private courtyard with ocean views and proximity to Back Beach make it equally suited to a owner-occupier seeking a lock-and-leave coastal base. The open-plan layout and reverse-cycle air conditioning are practical for year-round comfort, and the separate toilet and built-in laundry add everyday functionality not always found in units of this era. The absence of bushfire, flood, and heritage overlays simplifies due diligence and reduces insurance complexity. However the property is a duplex on a small 154m² lot, which limits future subdivision potential and may constrain capital growth compared to standalone houses. The 1970 build, though renovated, may still present structural considerations around insulation or wiring that a building inspection should confirm. The opportunity lies in the dual buyer pool — investors can capitalise on the strong rental yield, while lifestyle buyers get a turnkey home with views and walkability at a price point below the estimated value of $580,000, suggesting negotiating room exists before auction.