12/8 Kathleen Avenue Maylands WA 6051

Renovated first-floor unit | quiet leafy street | near trains and river | leasehold until March 2026 This property presents a clean entry point into a well-located Maylands pocket, where the combination of recent renovations and a secure gated complex reduces immediate buyer risk. The open-plan layout and private balcony suit a first-home buyer or investor seeking low-maintenance exposure to a suburb with strong renter demand and good connectivity. Its position on a quiet street near the Swan River and public transport adds lifestyle appeal that supports both resale and rental interest. The primary risk is the current tenancy at $340 per week, which sits well below the estimated market rent of $445–$560, meaning the buyer either inherits below-market income or must manage a vacancy to reset the lease. The 1975 build and first-floor walk-up may limit appeal to some owner-occupiers, though the gated entry and recent updates offset this. The property is best held as a rental until the lease ends, then repositioned to market rent or sold to an owner-occupier seeking a turnkey unit in a connected suburb.