39/38 Great Eastern Highway, Somerville WA 6430

Brand new townhouse | 2.39-acre lot | Existing $650/week lease | Investor-targeted | Somerville location This property presents a distinct configuration as a brand-new townhouse on an unusually large parcel, a combination that offers scarcity value in the multi-unit market. It arrives with immediate rental income, explicitly positioned for an investor seeking a low-maintenance entry with above-average land component. The primary buyer is an investor prioritising yield and new-build depreciation benefits over metropolitan location. Critical risks stem from the wide valuation gap and isolated market context. The attached lease, while providing instant cashflow, may limit initial yield optimisation and masks true vacancy risk in an unproven location. Proceed only with a price anchored to the lower valuation band, treating the large lot as a long-term land bank play rather than an immediate yield driver. This is a speculative hold for a portfolio comfortable with regional exposure.