4/460 Hannan Street, Kalgoorlie WA 6430
4/460 Hannan Street, Kalgoorlie WA 6430
This is a one-bedroom, one-bathroom unit in a solid brick building on Hannan Street in central Kalgoorlie. It includes one carport space and a private courtyard, and is currently tenanted at $480 per week. The property is positioned as a low-maintenance investment in the CBD, though its $359,000 price sits well above recent sales for similar units in the same complex.
This property’s competitive strength lies in its location and income profile. Being on Hannan Street in the town centre gives it a convenience advantage that appeals to professionals or investors seeking a walk-to-work or rental hold. The solid brick construction and low-maintenance courtyard reduce ongoing costs, which is rare for a central unit. The current rental return of around 7% is a clear signal of demand, and the property is best suited to an investor prioritising yield and location over capital growth. Its positioning within Kalgoorlie is central but not premium, meaning it competes on cash flow rather than scarcity.
What may materially affect the value is the significant gap between this unit’s asking price and the recent sales of other units in the same building, which transacted between $95,000 and $175,000. This discrepancy might reflect a premium for condition, tenancy, or a renovated interior, but without those details confirmed, the price appears unsupported by the building’s own history. Buyers should weigh whether the current rental income justifies the premium, and consider that future resale may be constrained if the building’s broader value does not rise to match this unit’s price.
Detailed Independent Property Report prepared by PropCred Analyst team for 4/460 Hannan Street, Kalgoorlie WA 6430
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Kalgoorlie is a regional mining hub with a market driven by trade-based employment, offering investors compelling rental yields. Recent price growth has been robust, supported by strong demand from a workforce with above-average regional incomes. The market moves quickly, with houses selling in under a month, indicating tight supply. Future growth is anchored to the mining sector’s stability, though this creates a key risk of sensitivity to economic cycles and interest rates, given the market’s reliance on investment yields.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
1002m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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