24 Earnley Way, Balga WA 6061

Four standalone dwellings | 8 bedrooms total | R40 block | $2,030 weekly income | Leases into 2027 This property is configured as four separately accessed residences on a single 809sqm R40-zoned lot, a rarity in Balga’s largely standard single-house market. The income structure is its clearest strength, with each dwelling leased on its own tenancy and producing a combined weekly rent far above a conventional family home. Lease security runs into 2027, and the zoning leaves scope for a future higher-density use. Investor interest is best served here, especially where yield and optional redevelopment upside are both valued. Separate entrances, air conditioning, and a shed keep each residence practical, though the finishes remain modest. The sale price may be influenced by how the existing $97,440 annual rental stream is capitalised, since the leases run to 2027 and are unlikely to be changed quickly. Condition and presentation across four dwellings might affect buyer appeal, but the main value driver is likely the land and its R40 classification. A buyer might also weigh the ongoing maintenance cost of four structures against the benefit of holding a higher-density site. These factors may push the price toward an investment-style valuation rather than a standard house comparison. >> Comparable Sales: A three-unit holding at $950k; a four-unit holding at $1.15M | Property Price Band: $1.1M-$1.2M | Value Drivers: Land size, R40 zoning, multi-tenant income