16 Heath Street, Singleton WA 6175

2-bed hardi-plank house | 819sqm corner block | tenanted until Aug 2026 | long-term owner-occupier street This property’s strongest buying case is its land-to-improvement ratio on a large 819sqm lot with a modest 74sqm floorplate, which positions a buyer to extract future subdivision or development upside in a street where 83% of residents are long-term owners. The hardi-plank and tin construction is durable and low-maintenance, and the existing tenancy until August 2026 provides immediate income certainty for an investor seeking passive yield in a stable coastal pocket. It suits a buyer who values land banking with a rental buffer over immediate occupancy. The primary risk is the tenancy lock-in, which delays any owner-occupier renovation or development plans by over two years. The $675,000 asking price from April 2026 sits below the estimated valuation midpoint, suggesting a motivated seller or pricing for the tenancy constraint. The location two streets from amenities and within 2km of three schools supports long-term rental demand. A buyer should hold this property for its land value appreciation and consider a DA lodgement during the tenancy period to unlock value upon vacancy.