38 Oakwell Street, Baldivis WA 6171

4-bed modern home | secure tenant to 2027 | 184sqm living on 579sqm | Highbury Estate position The property’s strongest buying case rests on its locked-in tenancy until March 2027 at $700 per week, which provides immediate and predictable cash flow in a market where rental uncertainty is common. The 184-square-metre floorplan with two living areas and an ensuite gives it genuine appeal to families, while the 579-square-metre lot with 32% building coverage leaves usable outdoor space without excessive maintenance. This configuration suits an investor seeking a low-touch holding in Rockingham’s growth corridor, where school catchments for Makybe Rise Primary and Ridge View Secondary support ongoing tenant demand. The NBN Fibre to the Premises and 5G coverage are practical conveniences that strengthen the property’s position against older stock in the area. The main risk is that the current rent sits below the estimated market range of $650 to $810 per week, meaning the buyer accepts below-peak yield until the lease expires. There is no bushfire, flood, or heritage overlay, which reduces insurance and compliance costs, but the property’s 2014 build means some systems are approaching ten years of age—budget for eventual roof and appliance maintenance. The opportunity lies in the fixed lease term: a buyer can refinance or sell in 2027 with a vacant possession premium if the market lifts, or renegotiate rent to market rate at that point. Hold this property for the income strip and reassess at lease end.