2/3-5 Osprey Drive, South Hedland WA 6722

3-bedroom townhouse in a gated complex | Corporate tenant in place until December | Flood and heritage overlays identified | Suits a yield-focused buyer seeking immediate income. The buying case rests on the existing corporate tenancy at $775 per week, which provides immediate cash flow and reduces vacancy risk for an investor seeking a low-management entry. The gated complex with pool and undercover parking adds security appeal in South Hedland’s rental market, while the 104 m² floorplan and 241 m² land area keep maintenance modest. This property is best suited to an investor prioritising yield over capital growth, as the tenant type and lease term offer stability uncommon in this price bracket. The main constraint is the flood and heritage overlays, which may affect insurance costs, renovation approvals, or future resale liquidity and require verification from the local council. The price picture remains unclear given the gap between the $379,000 guide and higher automated estimates, so fair value cannot be relied on from visible evidence alone. Whether the overlays materially impact holding costs or exit strategy remains unresolved and needs due diligence before confidence can be formed.