6 Jacob Place, Karloo WA 6530
6 Jacob Place, Karloo WA 6530
A three bedroom, one bathroom brick and tile house on an 810 square metre block, built in 1985, with a single car space and an active lease at $430 per week until December 2026. The land size is notably generous for the area, and the property is positioned as a starter home or investment opportunity within an established suburb.
What is competitively strong about this property is its land to price ratio. The 810 square metre block is larger than typical in this suburb, offering genuine future potential that is not yet fully priced in. The existing lease at $430 per week provides immediate, secure rental income, which makes this especially suited to an investor seeking a solid yield with a long term tenant in place. For a first home buyer, the large block and simple brick and tile construction represent a low maintenance entry point into an established area, with scope to add value over time. The property sits comfortably within the affordable price range for the suburb, which is known for its investment focused market and steady demand from small families and first timers.
Factors that may materially affect value include the single bathroom, which is now below modern expectations and could limit appeal for families or owner occupiers without a future renovation. The 1985 build age means systems like roofing, plumbing, and electrical may require attention in the medium term, though brick and tile construction typically offers durability. The single car space is another constraint for households with multiple vehicles. The property’s current lease locks in income but also delays any owner occupier use until late 2026, which an investor would see as stable but a buyer wanting to move in must factor into their timeline. These elements should be weighed carefully when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 6 Jacob Place, Karloo WA 6530
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Karloo presents as a high-growth, tightly held market driven by strong investor demand for affordable housing, evidenced by exceptional capital growth and rapid sales. The suburb’s appeal is anchored by its compelling rental yields and low vacancy, attracting buyers seeking entry into the regional market. This intense activity has created a competitive environment with very limited stock turnover. Future performance will hinge on maintaining this demand-supply imbalance, though sensitivity to interest rates exists given the high proportion of mortgaged owners.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
810m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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