8 Camm Place

Waikiki WA 6169

Tenanted HMO Investment with Owner-Occupier Flexibility - 8.26% Gross YieldA genuinely rare opportunity in Waikiki: a fully tenanted dual-dwelling HMO (Home of Multiple Occupation - a professionally managed co-living arrangement where individual rooms are leased separately under one roof) delivering $1,350 per week ($70,200 per annum) in gross rental income. With offers invited From $850,000, this represents a gross yield of 8.26%, with forecast rental increases of approximately 10% as existing leases roll over.What sets this property apart is the flexibility. Buy it as a pure income play, or move into the house and let the granny flat pay your mortgage. Move into the granny flat and let the house fund your lifestyle. Few properties in this corridor give you that optionality at this yield.THE NUMBERS - CURRENT RENT ROLL- Main house (4 bed + study, 2 bath): $870 per week- Self-contained granny flat (2 bed, 1 bath): $480 per week- Total gross income: $1,350 per week / $70,200 per year- Forecast income uplift: approximately 10% as leases roll overFully tenanted across both dwellings - cashflow from settlement day one. Furniture packages are included across both dwellings, meaning the property is turnkey from day one.THE MAIN HOUSE - 4 BEDROOM + STUDY, 2 BATHROOM (1 ENSUITE)A well-presented four-bedroom home with a separate study (ideal as a home office, nursery, or fifth bedroom) and two bathrooms - including one ensuite to the master. Comfortable open-plan living layout, currently configured and operating as a professionally managed co-living arrangement.THE GRANNY FLAT - 2 BEDROOM, 1 BATHROOMA fully self-contained two-bedroom granny flat with its own kitchen, bathroom, and private access. Perfect for extended family, a teenage retreat, dual living, or - as currently structured - a high-performing standalone rental.PROPERTY AT A GLANCE- Land: 882m2- Zoning: R20 - City of Rockingham- Compliance: Class 1B compliance achieved- Solar: Equipped with a high-quality Fronius Primo single-phase inverter and PV solar array - helping offset electricity outgoings across both dwellings- Furniture: Furniture packages included across both dwellings- Tenancy: Fully tenanted across both dwellingsLIFESTYLE & LOCATIONTucked into a quiet pocket of Waikiki with everything you need within minutes:- 100m to the local golf course- 650m to Waikiki Primary School- 750m to Waikiki Private Hospital- 1.4km to Rockingham General Hospital- 1.5km to South Coast Baptist College- 1.7km to Waikiki Shopping Centre- 1.7km to Rockingham Train Station- 3.2km to Waikiki Foreshore beachA genuine "walk, ride, or short drive to everything" location - schools, hospitals, retail, transport, golf, and the coast all on your doorstep.THE OPPORTUNITYWhether you're an investor chasing yield, a multi-generational family seeking dual-living, or an owner-occupier who wants the property to help pay for itself - this one earns its keep.INSPECTIONSStrictly by appointment only - 7 days' notice required as the property is fully tenanted across both dwellings. Please respect that occupied homes need lead time to coordinate.John Cameron - Senior Agent | Reside Australia john@resideliving.com.au | 0406 771 194