5/199 Egan Street, Kalgoorlie WA 6430

5/199 Egan Street, Kalgoorlie WA 6430
2-bed 1-bath brick unit | 1983 build renovated | central Kalgoorlie | leased at $600/week | strong rental yield This unit sits in a central Kalgoorlie location with walkable access to shops and restaurants, making it well-suited for investors or small households seeking low-maintenance living. Its renovated presentation and open-plan layout lift it above typical 1980s stock, while the secure lease at $600 per week signals robust rental demand for compact inner-town properties. The single car space and older construction date are consistent with its unit format, but the combination of central positioning and strong income potential gives it a competitive edge for buyers focused on yield rather than land content. The property’s value may be influenced by its strata arrangement and the precise extent of renovations, which are not detailed in available records. Its 1983 build date might require attention to older systems or finishes that were not updated, and the limited parking could affect appeal for tenants with multiple vehicles. The lot size of 1012 m² appears inconsistent with a unit, so the exact land entitlement should be clarified, as this could materially affect both valuation and future resale potential.
Detailed Independent Property Report prepared  by PropCred Analyst team for 5/199 Egan Street, Kalgoorlie WA 6430
Checks found:
Value Risk
Liquidity Risk
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

2

Bathroom

1

Parking

1

Land

1012m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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