41/406 Hay Street, Somerville, WA 6430 sold on 11 February 2026 | OnTheHouse
 
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Sold on 11 Feb 2026 for $395,000

41/406 Hay Street
Somerville WA 6430

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Land area: 187m2
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Property Details for 41/406 Hay St, Somerville

41/406 Hay St, Somerville is a 2 bedroom, 2 bathroom Unit with 1 parking spaces. The property has a land size of 187m2. While the property is not currently for sale or for rent, it was last sold in February 2026. There are other 2 bedroom Unit sold in Somerville in the last 12 months.

Building Type
Unit
Land Size
187m2

Last Listing description (February 2026)

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.

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Property History for 41/406 Hay St, Somerville, WA 6430

A timeline of how this property has performed in the market
Last Sold
$395,000
11 Feb 2026
Listed for Rent
$350/w
16 Oct 2018
  • 19 Jan 2026
    Sold for $395,000
  • 15 Jan 2026
    Listed for Sale $350,000 Best Offers from
  • 19 Oct 2021
    Sold for $275,000
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About Somerville 6430

The size of Somerville is approximately 4.7 square kilometres. It has 10 parks covering nearly 15.0% of total area. The population of Somerville in 2016 was 4156 people. By 2021 the population was 4165 showing a population growth of 0.2% in the area during that time. The predominant age group in Somerville is 0-9 years. Households in Somerville are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Somerville work in a trades occupation.In 2021, 59.50% of the homes in Somerville were owner-occupied compared with 59.00% in 2016.

Somerville has 1,833 properties. Over the last 5 years, Houses in Somerville have seen a 39.64% increase in median value, while Units have seen a 73.22% increase. As at 28 February 2026:

  • The median value for Houses in Somerville is $681,209 while the median value for Units is $339,003.
  • Houses have a median rent of $810 while Units have a median rent of $600.
There are currently 10 properties listed for sale, and 2 properties listed for rent in Somerville on OnTheHouse. According to Cotality's data, 140 properties were sold in the past 12 months in Somerville.

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Iris Haynes
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John Matthew & Sons
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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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