61 Heritage Park Drive, Baldivis WA 6171

Corner block, Heritage Park estate | Leased until Aug 2026 at $680 | Modern 4×2 with master suite | Bushfire overlay noted. This property’s competitive strength lies in its dual-income configuration: a modern, low-maintenance 4-bedroom house on a 505m² corner block, already tenanted at $680 per week until August 2026. For an investor or a buyer seeking immediate cash flow with a deferred move-in, this removes vacancy risk and offers a known yield. The corner positioning and 37% building coverage provide a rare expansion or subdivision opportunity that most comparable houses lack, making it a stronger hold for capital growth. It best suits a buyer who values immediate rental income and future development optionality over a turnkey family home. The bushfire overlay is the primary risk, potentially increasing insurance costs and limiting some financing options, which may narrow the buyer pool at resale. The lease in place caps personal use and rental upside until 2026, so the buyer cannot occupy or reset the rent to the mid-range $730 estimate without waiting. The opportunity is to hold for the lease term, then either occupy or re-lease at market rate, while exploring the corner block’s subdivision potential after the overlay is assessed. Use this property as a cash-flowing land bank with a clear timeline to reposition.