6 Earle Place, Utakarra WA 6530

Quiet cul-de-sac | Tenanted until 2026 | Large 824m² block | Requires floor refurbishment This property presents a stable, income-secure purchase in a peaceful setting, underpinned by an existing tenancy that provides immediate cash flow through April 2026. Its generous land parcel in a diverse suburb offers tangible scope for future value growth through personalisation or subdivision potential, serving an investor seeking low management turnover or a family planning a future residence. The brick and tile construction and new kitchen provide a solid, low-maintenance base. Decision hinges on accepting the tenant and the capital required for updates. The $5,500 floor covering cost is a direct, quantifiable outlay for modernisation, while the lack of deep sewer connection is a permanent utility limitation. For a buyer, the commercial logic is clear: acquire a tenanted property below estimated market value, execute the cosmetic upgrade upon vacancy, and thereby lift both rental yield and capital value. This is a hold property for secure yield with a clear value-add path. Recent comparable sales nearby indicate strong market movement. – 22 Nerrel Street, Waggrakine: $600,000 for 3 bed, 2 bath, 2 car. This comparable, though in a different suburb, demonstrates buyer appetite at a higher price point for similar bedrooms, suggesting room for upward valuation pressure in Utakarra given this property’s larger block and renovation potential.