An outstanding opportunity to secure a well-maintained, income-generating complex of three strata-titled villas, with strong rental returns and future development potential.
Currently returning $1,125 per week, this property offers immediate cash flow combined with long-term upside.
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PROPERTY OVERVIEW
Located at 1, 2 & 3 / 51 Panton Street, Derby, this boutique complex comprises three single-bedroom brick units, originally constructed in 1986 for senior accommodation by the WA State Housing Commission and extensively renovated in recent years.
Each unit features:
• Spacious 1-bedroom, 1-bathroom layout
• Separate lounge and bedroom areas
• Front and rear verandas
• Store room
• Approx. 69sqm of internal living space per unit
• Air-conditioning and ceiling fans
• Fully furnished
• Security screens and flyscreens throughout
• Securely fenced individual areas
The units are well cared for, with cooperative long-term tenants and shared use of garden equipment.
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INVESTMENT HIGHLIGHTS
• Combined rental income: $1,125 per week
• No strata fees (self-managed by owner)
• Separate strata titles for each unit
• Strong tenant demand in Derby market
• Flexible purchase options - buy individually or as a whole
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INDIVIDUAL UNIT BREAKDOWN (2025 Pricing)
• Unit 1 - $370,000
o Includes vacant land at rear with development potential
o Recently renovated
o Currently leased at $375 per week
• Unit 2 - $197,000
o Renovated in 2022
o Leased at $360 per week
• Unit 3 - $225,000
o Recently renovated
o Leased at $390 per week
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DEVELOPMENT & VALUE-ADD POTENTIAL
• Concept plans available for:
o Additional dwelling on rear land (Unit 1)
o Extension to add extra bedrooms to existing units
• Ideal for investors seeking growth and yield combined
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LOCATION BENEFITS
• Centrally located within Derby township
• Adjacent to Derby Aboriginal Health Service (DAHS)
• Walking distance to key amenities and public facilities
• Elevated position with views towards tidal flats and surrounding community
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OUTGOINGS (Per Unit)
• Shire Rates: Approx. $2,745.35 p.a.
• Water Service Charges: Approx. $1,395.35 p.a.
• No strata levies
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IDEAL FOR
• Investors seeking strong regional returns
• Government or community organisations requiring staff accommodation
• FIFO accommodation providers
• Owner-operators / tradespeople needing yard space + income
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ADDITIONAL BENEFIT
The current owner is willing to assist with transitional property management, providing a seamless handover for non-local investors.

Contact Faizel Jassat on 0402 935 786 for further information today. Added 17 November, 2022 Property ID: #L22039030