52B Salisbury Road, South Kalgoorlie WA 6430

Risks: land size small and high density | unit not free-standing | zoning limits redevelopment | yield already compressed by price jump | strata title restricts control This property demands a clear-eyed decision. The $200,000 sale in January 2025 points to an asset that has already been repositioned, and the current asking range implies a 28% price increase in roughly four months. For a unit on 164 square metres of strata land, that compression leaves little margin for error. The rental yield is strong on paper at 12% gross, but that income relies on a tenant market in Kalgoorlie-Boulder that can sustain $600–$700 per week for an 82 square metre unit. If yields soften or vacancy rises, the buyer holds an overpriced small lot with limited redevelopment upside and no buffer. The opportunity here is purely cash flow, not capital growth. Do not buy this if you need equity growth or flexibility; hold it only as a high-yield rental with a fixed exit timeline. The competitive strength of this property lies in its low-maintenance turnkey condition and its position in a suburb with sustained rental demand from mining and service workers. New floors, evaporative cooling, and a separate toilet are functional advantages that reduce vacancy risk relative to older stock. The catchment for South Kalgoorlie Primary School and nearby high schools adds family tenant appeal, though the unit suits single professionals or couples better than families. For a buyer seeking a hands-off investment with immediate income and no renovation burden, this unit is rare in its price band. The key features—built-in robes, deck, patio, and outside storage—align with what renters in this market actually want, not what agents market. There is no comparable sales table because the data below sets the context: the January 2025 sale at $200,000. That single trade is the only recent benchmark, and it suggests the current price has already priced in the yield and condition improvements. A buyer relying on that comparable must accept that the uplift is aggressive and unverified by subsequent sales. The evidence points to a cash-flow-only play with compressed margins. If you want a simple, insured income stream and can weather a correction in mining-town rents, this unit fits. If you want optionality or growth, walk. Your next step is to request the last 12 months of tenancy records and a strata report to validate the income and check for special levies.