20 Mckenzie Road, Cable Beach WA 6726
20 Mckenzie Road, Cable Beach WA 6726
Large block 4×2 family house | GROH lease at $1,200 per week | Built 1996 in established Cable Beach | Strong yield signal for investors
This property occupies a strong position in the Cable Beach market primarily because of its size and the government-backed rental arrangement. At 878 square metres, the block is generous for a 1996 build and provides genuine space for a family or future subdivision potential if zoning allows. The four-bedroom two-bathroom configuration is the standard family offering in this part of Broome, and the house itself sits within established low-density streetscape rather than newer estate product. What sets this property apart is the GROH lease at $1,200 per week, which signals institutional rental demand and removes vacancy risk for an investor. The property is best suited to a buyer seeking secure income from a government tenant, or a family who values block size and a quiet suburban position over proximity to the beachfront.
The advertised lease rate of $1,200 per week against the asking price range implies a gross yield in the high single digits, which is unusually strong for a detached house in a coastal market and may reflect the premium that government rental guarantees command. Buyers should weigh whether the GROH lease is ongoing or approaching its end date, as the property’s value without that secured income could differ materially. The 1996 build age means systems like plumbing and electrical may be approaching renewal cycles, and the single car space is tight for a four-bedroom family house. The absence of detail on finishes or orientation means an inspection is needed to assess whether the interior matches the block’s potential, and whether any deferred maintenance exists that might affect the price a buyer is willing to pay.
Detailed Independent Property Report prepared by PropCred Analyst team for 20 Mckenzie Road, Cable Beach WA 6726
Checks found:
Value Risk
✕
2
Liquidity Risk
✕
2
Planning Risk
✕
2
Income Risk
!
1
Execution Risk
✓
Market Insight
Cable Beach presents a compelling investment profile, anchored by a robust rental market with high yields and strong tenant demand. The housing segment demonstrates consistent price growth and rapid turnover, indicating sustained buyer interest, while the unit market shows more varied performance. Demand is supported by a significant rental population, creating a solid investor base. Future growth is underpinned by constrained housing supply, though sensitivity to broader economic conditions remains a consideration for the market’s trajectory.
PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
1
Land
878m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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