45 Harris Road, Busselton WA 6280

Brick and tile 1969 | strata 337sqm | jarrah floors 9ft ceilings | tenants to June 2027 | walk to town and beach The 1969 brick and tile construction on a 337sqm strata lot offers a rare combination of original character and low-maintenance tenure. The jarrah floorboards and 9-foot ceilings are premium finishes for this era, while the two large 4x4m bedrooms with built-in robes and open fireplace create a floor plan that appeals to owner-occupiers seeking period charm without a full renovation. The property’s 700-metre walk to Busselton town centre and beach positions it well for downsizers or investors targeting the premium end of the rental market, particularly given the existing tenant in place until June 2027. The 130sqm floor area with room to extend at the front provides optionality for capital improvement, and the 2-car carport with shed adds practical storage. The primary risk is the strata title on a 337sqm lot, which limits future subdivision potential and may restrict major alterations without body corporate approval. The flood overlay detected on the property introduces a due diligence requirement for insurance costs and resale liquidity, though no bushfire or heritage overlays apply. The estimated rental yield of $635-$745 per week against a $859,000 asking price implies a gross yield of 3.8 to 4.5 percent, which is competitive for Busselton but below the suburb median of 3.6 percent growth. The 2005 sale price of $345,000 reflects pre-subdivision land size, so the current strata lot has no direct comparable history. Hold this property as a medium-term investment with the tenant in place, then consider extending the front for capital gain or selling into the owner-occupier market.