45/12 Onslow Road, Shenton Park WA 6008

Second-floor unit in established complex | Tenanted until June 2026 | Strong school catchments | Potential 6.4-7% gross yield This property presents a competitively strong entry into the Shenton Park market, defined by its secure tenancy and location within the prized Rosalie and Shenton College catchments. The unit’s functional layout, combined with complex amenities like a pool, suits an investor seeking immediate income or an owner-occupant prioritizing school access over square footage. Its current tenancy provides immediate rental coverage, making it particularly effective for a buyer targeting yield in a suburb where larger homes dominate. Proceed with the understanding that the 1966 build year implies potential for capital expenditure on maintenance, and the lack of recent comparable sales data obscures precise valuation. The mid-$400,000s price must be weighed against the unit’s compact size and older building pedigree. However, the calculated gross rental yield is compelling for the area. Acquire this as a hold-for-income property, leveraging the tenancy and location, with a plan to reassess its condition upon vacancy.