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SET & FORGET INVESTMENT – GOVERNMENT LEASE
Set in the tightly held suburb of Somerville, this is a smart, low-risk investment opportunity with income security already in place. Leased to GROH (Government Regional Officers’ Housing) until October 2027, the property delivers reliable rental income, strong yield and minimal management, making it ideal for investors seeking a true set-and-forget asset in the current Kalgoorlie-Boulder market.
INVESTOR ALERT
• Securely leased to GROH (Government Regional Officers’ Housing)
• Lease in place until 24 October 2027
• Current rent: $580 per week
• Approx. 8.6% gross rental yield at a purchase price of $350,000
• Rent review opportunity in October 2026
• Built-in rental security with a government-backed tenant
STRATA-MANAGED BENEFITS
• Building insurance included (contents only required)
• Common areas and security gate maintained
• Water usage for common areas included
• Pest inspection for complex included
THE INVESTOR NUMBERS
• Strata administration: $305.75 per quarter
• Reserve fund: $155.20 per quarter
• Total strata fees: $460.95 per quarter
(Total $1,843.80 for 2025/2026)
• Water rates: approx. $300 per annum
• Council rates: $2,439.52 (2025/2026)
WHY THIS STACKS UP
• Strong income supported by reliable, long-term tenancy
• Reduced vacancy risk compared to open market rentals
• Predictable outgoings with strata-managed maintenance
• Affordable strata fees at $460.95 per quarter
• Building insurance included – contents only required
• Ideal set-and-forget investment for local or interstate buyers
• Located in Somerville, a consistently strong rental pocket of Kalgoorlie-Boulder
With long-term government tenancy in place, a strong yield and minimal management required, opportunities like this are tightly held and highly sought after in the current Kalgoorlie-Boulder market.
For more information:
Contact Iris Haynes on 0420 471 461 today to secure this solid investment opportunity.
Property features
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Carports
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Property snapshot by reiwa.com
This property at 41/406 Hay Street, Somerville is a two bedroom, two bathroom unit sold by Iris Haynes at John Matthew & Sons on 18 Jan 2026.
Looking to buy a similar property in the area? View other two bedroom properties for sale in Somerville or see other recently sold properties in Somerville.
Nearby schools
Somerville overview
Are you interested in buying, renting or investing in Somerville? Here at REIWA, we recognise that choosing the right suburb is not an easy choice.
To provide an understanding of the kind of lifestyle Somerville offers, we've collated all the relevant market information, key facts, demographics and statistics to help you make a confident and informed decision.
Our interactive map allows you to delve deeper into this suburb and locate points of interest like transport, schools and amenities.
Somerville quick stats
High end
$850k
Median
$718k
Low end
$553k
30.5 %
Annual growth
$718k
Annual median sales price
$900pw
Annual median rental price
