24 Earnley Way

Balga WA 6061

Presented by Raman DeolWelcome to an exceptionally rare investment opportunity that truly stands in a league of its own. Positioned on a substantial 809sqm R40-zoned block, this outstanding income-producing property offers immediate cash flow, future development potential, and multiple dwellings all under one title.Whether you're a seasoned investor looking to expand your portfolio or someone seeking a high-yield asset with future upside, this is the kind of property that rarely becomes available.Designed to maximise rental returns, the property comprises four separately accessed residences, each independently tenanted and generating a strong combined rental income from day one.At the centre of the block sits the main residence, offering 3 spacious bedrooms, 1 bathroom and 2 toilets, providing comfortable family accommodation with two split-system air conditioners and evaporative air conditioning throughout.Adjacent to the home is a self-contained 1-bedroom studio, complete with its own kitchen, bathroom, laundry, private entrance, and reverse-cycle split-system air conditioning, making it ideal for long-term tenants.Positioned at the rear are two fully self-contained 2-bedroom granny flats, each featuring their own kitchen, bathroom, private access, and split-system air conditioning, allowing complete independence for occupants while maximising rental appeal.The current rental returns speak for themselves: Main House: $650 per week (leased until April 2027) 1-Bedroom Studio: $380 per week (leased until January 2027) Granny Flat 1: $500 per week (leased until July 2027) Granny Flat 2: $500 per week (leased until January 2027)Total Current Rental Income: $2,030 per weekWith all residences already leased, there is absolutely nothing left to do. Simply purchase the property and enjoy immediate, consistent rental income from settlement.What truly sets this property apart is its exceptional future potential. Sitting on an 809sqm R40-zoned block, there is approximately 187sqm of land at the front with the potential to be subdivided (subject to relevant approvals), creating the opportunity to build an additional villa or home, increasing your rental income even further or providing the option to sell the new lot separately.Investment opportunities that combine strong holding income with genuine development potential are becoming increasingly difficult to find-particularly just approximately 10km from the Perth CBD.Located in one of Balga's strongest growth corridors, you'll enjoy easy access to schools, shopping centres, parks, public transport, and major arterial roads, making this an attractive proposition for both current tenants and future buyers alike.Key Features: 809sqm R40-zoned block Exceptional investment opportunity Four separately accessed residences Total of 8 bedrooms, 4 bathrooms and 5 toilets Main residence: 3 bedrooms, 1 bathroom, 2 toilets Self-contained 1-bedroom studio with kitchen, bathroom and laundry Two self-contained 2-bedroom granny flats Main house with evaporative air conditioning plus two split-system air conditioners Studio with reverse-cycle split-system air conditioner Each granny flat fitted with its own split-system air conditioner Approximately 187sqm of land at the front with future subdivision/development potential (STCA) Nothing to spend - fully tenanted and income producing from day one Outstanding long-term investment with future capital growth potentialLocation Highlights: Approximately 10km to Perth CBD Close to schools, shopping centres and local amenities Easy access to public transport Convenient access to major arterial roads Located in one of Perth's fastest-growing and highest-demand suburbsProperties of this calibre simply don't come along often. Combining immediate high-yield rental income, multiple dwellings, separate access, long-term leases, and outstanding future development potential, this is an investment that ticks every box.Buy today, collect the rent tomorrow, and secure your financial future with one of Balga's most unique investment offerings. Contact Raman Deol today on 0450 281 313 or email raman.deol@harcourts.com.au to arrange your private inspection.Disclaimer:This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent inquiries.