12a Penzance Way, Tarcoola Beach is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2012. The property has a land size of 534m2 and floor size of 170m2. While the property is not currently for sale or for rent, it was last sold in November 2020.
Positioned in a quiet pocket of Tarcoola Beach, 12A Penzance Way presents an outstanding opportunity for investors seeking a quality property with secure rental income and a long-term lease already in place.The spacious 4-bedroom, 2-bathroom home offers excellent functionality and strong rental appeal, featuring a generous master bedroom with private ensuite, while Bedrooms 2, 3 and 4 all include built-in robes and ceiling fans.The property also offers a dedicated office, separate theatre room, spacious living and dining areas, along with ceiling fans throughout.Outside, the established backyard creates a private tropical oasis, adding to the property's overall appeal and providing tenants with a quality outdoor space.Property Highlights:- 4-bedroom, 2-bathroom home- Master bedroom with private ensuite- Bedrooms 2, 3 & 4 with built-in robes and ceiling fans- Ceiling fans throughout- Dedicated office- Separate theatre room- Spacious living and dining areas- Established tropical oasis backyard- Quiet Tarcoola Beach location- Close to Tarcoola Beach- GROH lease commencing end of August 2026 until end of August 2028 paying $730 per weekFor investors looking for a quality residential asset with a secure government-related tenancy, strong weekly rental income and a fixed lease term, 12A Penzance Way is an opportunity worthy of serious consideration.Contact Lucy Warr | 0429 101 076 today for further information or to arrange an inspection.
The size of Tarcoola Beach is approximately 1.4 square kilometres. There are 3 parks, covering nearly 1.7% of the total area. The population of Tarcoola Beach in 2016 was 1288 people. By 2021 the population was 1360 showing a population growth of 5.6% in the area during that time. The predominant age group in Tarcoola Beach is 60-69 years. Households in Tarcoola Beach are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tarcoola Beach work in a professional occupation.In 2021, 72.70% of the homes in Tarcoola Beach were owner-occupied compared with 70.50% in 2016.
Tarcoola Beach has 686 properties. Over the last 5 years, Houses in Tarcoola Beach have seen a 99.11% increase in median value, while Units have seen a 106.83% increase. As at 31 July 2026:
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