7/23 Forrest Street, Kalgoorlie WA 6430

Looking for an investment with an established tenant and a longer lease already in place? This two-bedroom brick unit deserves a closer look.

Leased to WA Country Health Service (WACHS), the lease was renewed in June 2026 for a further two years at $580 per week. At the asking price of $375,000, that represents an approximate 8.0% gross rental yield.

With improvements completed before WACHS moved in during 2024, this is a straightforward option for investors who value lease certainty and a property that is being well cared for.

Features

• Two bedrooms with build in robes
• One living area
• Kitchen and dining space
• Combined bathroom and laundry
• Separate toilet
• Electric cooking and hot water
• Easy to maintain Courtyard with garden shed
• Brick construction (1996)
• 137m2 allotment and 58m2 Floorplan (approx.)

Improvements Completed in 2024

• New carpet in both bedrooms
• New blinds in the bedrooms, lounge and at the sliding door
• Painting and general maintenance

Investor Snapshot

• Established WACHS tenancy since 2024
• Current rent: $580 per week (with yearly review)
•  Lease until June 2028
• Annual rental income: $30,160
• Approximate gross rental yield: 8.0%, based on the asking price, before expenses
• May 2026 routine inspection recorded the property as being well maintained, with no maintenance required at that inspection

Outgoings

• Proposed strata levy for 2026/2027: $2,285.72
• Council rates: 2026/2027 $2,351.13
• Water connection fee: Approximately $300 per year

An established health service tenant, a renewed two-year lease and a solid rental return — there is plenty here to catch an investor’s attention.

To arrange a viewing please connect with Iris Haynes the Real Estate Pocket Rocket in Kalgoorlie-Boulder on 0420 471 461