5 Edgewater Road, Safety Bay WA 6169

Dual-key home with self-contained unit | 809m² near beach | 6 beds, 3 baths | No overlays This property presents a competitively strong and rare dual-key configuration on a large coastal block, offering both multi-generational flexibility and immediate rental income from the separate unit. Its prime positioning seconds from the beach, with sea views and no bushfire or flood overlays, creates a resilient and in-demand offering. It serves buyers seeking a primary residence with an income stream or extended family accommodation, a profile underserved in this location. The decision hinges on managing the inherent complexity of a multi-tenant property and the premium for its dual-income function. The commercial logic is clear: the unit’s existing lease, inclusive of bills, demonstrates strong tenant demand and offsets holding costs. This property is a hold for the long-term, leveraging its unique configuration to build equity through both capital growth and rental yield. Recent comparable sales nearby indicate active market interest in the immediate area, though specific price points are not disclosed in the provided data. The proximity of these sales at 5 Shelton Street, 24 Seagate Street, and 26 Baltic Mews suggests this is an established and transacting neighbourhood, providing a basis for valuation confidence.