283 Morley Drive E, Lockridge WA 6054

Dual-income tenanted setup | 728m² large lot | 5-bed, 4-bath configuration | Post-war suburb with investor focus This property presents a competitively strong dual-residence proposition on a lot size above the suburb norm, creating immediate dual rental income from established periodic tenancies. Its configuration serves an investor buyer best, offering cashflow superior to a single dwelling while retaining the future option for a family to occupy and expand the main house. The higher bedroom and bathroom count against area medians positions it as a scarce, high-utility offering in a market of predominantly single homes. Your decision hinges on accepting the inherent risks of inheriting month-to-month tenancies, which offer flexibility but less income security than fixed leases. The commercial logic is clear: acquire a turnkey investment with yield potential above typical local houses, then assess consolidating tenancies or renovating for added value. Hold as a dual-income investment; the lack of precise comparable sales necessitates a professional valuation to challenge the listed price. A Propcred report would ground your offer in verified local sales, identify zoning constraints, and clarify holding costs like insurance for a dual-occupancy property.