1/5 Rowan Street Derby WA 6728

| Gated complex in central Derby | 4-bedroom townhouse | 184 m² internal | Conflicting lot sizes and type classification | Strong investment appeal | This property offers a rare configuration in a secure gated complex within central Derby, a location that typically commands consistent demand from both owner-occupiers and investors. The 4-bedroom layout with open-plan living and 184 m² of internal space is competitively positioned against smaller units in the same complex, giving a buyer a size and privacy advantage without leaving the sought-after gated setting. The property serves best as a long-term hold for a buyer seeking stable rental income in a tight market, or as a spacious home in a secure environment where comparable options are limited. The primary risk stems from data inconsistencies: conflicting lot sizes (611 m² versus 54 m²) and variable parking and type classifications reflect poor recordkeeping that may complicate financing or insurance. Recent complex sales at $244,000 to $270,000 provide a clear value floor, but the 4-bedroom unit’s premium over these 2-bedroom comparables is unconfirmed and must be validated through independent inspection and title search. The opportunity lies in buying below replacement cost in a complex with proven turnover. Hold for rental yield; exit only if the gated complex’s maintenance or strata costs rise unexpectedly.