15 Koolbardi Street, Halls Head WA 6210

Purpose-built NDIS house | Long lease to 2028 | Coastal Halls Head | Below generic valuation | Secure passive income This property presents a rare buying case for an investor seeking a secure, long-term income stream in a coastal suburb with strong demand fundamentals. The house was purpose-built for specialist disability accommodation, which explains an internal layout optimized for multiple occupants and carer support rather than a standard family home. The existing lease to late 2028 at $1,151 per week provides exceptional income certainty and vacancy protection, while the asking price sits below generic automated valuations, suggesting a potential discount relative to standard housing benchmarks. This property best suits an investor familiar with specialist accommodation frameworks who prioritizes passive yield over resale flexibility to owner-occupiers. The primary risk is the specialized design limits the buyer pool to investors and NDIS operators, meaning resale may take longer or require a price adjustment if the lease structure changes. The flood overlay detected warrants further due diligence, though it has not prevented construction or leasing. The opportunity lies in the combination of a secure lease, below-market asking price, and coastal location near schools and amenities, which together offer above-average rental yield and capital growth potential if the Mandurah market continues to strengthen. The property is not suitable for owner-occupiers or investors seeking a standard family home.