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3 Rourke Cove, Somerville, WA 6430

Investment Strategy

Positive Cashflow/High Yield

Development Timeline

Property For Sale
Offers over $365,000
Estimated For Rent
$850 pw

Unfortunately, this property is now listed as Under Offer. You can find more just like it Australia wide at stashproperty.com.au

Rental Insights

Unleash the true earning power of your property with Stash Property. Whether it’s capitalising on the flexibility of short-term platforms like Airbnb, securing stable income with long-term tenants, or maximizing space with individual room leases, Stash analyses every option to pinpoint the most lucrative path for your specific property. With Stash, maximising your potential yield is no longer a gamble, it’s a well-calculated strategy.

Source: stashproperty.com.au

Investment Stats


Year For Sale


Suburb Growth


Gross Yield

About the Property

Somerville Delight with Space for the Entire Family!
In the market for a brick Somerville home which has the extra space and is completely move in ready? Presenting 3 Rourke Cove!

This 3-Bedroom, 2-Bathroom home has been well-maintained and had refurbishments completed since being built in 1997. Offering a front formal Lounge room, in addition to the sizeable Kitchen/Living/Dining space; you’ll see how this one has the extra space you’re after! Outdoor space isn’t scarce either, with a welcoming rear Patio and plenty of yard for the kids to enjoy.

• Three Bedrooms (all w/ WIR’s or BIR’s)
• Two Bathrooms
• Open-Plan Living/Kitchen/Dining Area
• Additional Formal Lounge Area
• Kitchen has Refurbishments Completed
• Laundry with Linen Storage
• Carport
• Sought-After Somerville Location
• Garden Shed for Storage
• 553m2 Block Size

CKB Rates = $2,551.71pa
Water Rates = $274.14

From the domain.com.au listing

Source: stashproperty.com.au

About the Suburb

Somerville, WA 6430 is a suburb with a population of 4165 residents. The age distribution is diverse, with a significant number of residents falling under the 5 to 19 and 20 to 24 age groups. The suburb has a median household income of $2,996 weekly. The top three occupations are Technicians and Trades workers, Professionals, and Managers. Most residents commute by motor vehicle, while a notable portion also works from home.

Somerville presents a good opportunity for property investors and developers. With a median house price below $500,000, a rental yield of 8.5% for houses and 9.8% for units, and a low vacancy rate of 0.3%, it offers strong potential for rental returns. The median growth rate is positive at 6.6% for houses and a remarkable 29.9% for units, indicating a promising investment outlook. The suburb’s market absorption rate is high at 20.0%, suggesting increasing demand and potential for capital growth.

Somerville, WA 6430 is a vibrant suburb with a mix of demographics, offering a comfortable lifestyle for residents. For home buyers, the suburb provides affordability with a median house price and rental prices within reasonable ranges. For investors and developers, Somerville presents a lucrative opportunity with high rental yields, strong growth potential, and a favourable market absorption rate. The suburb’s accessibility and amenities, combined with its growth indicators, make it an attractive location for property investment.

– proptechdata.com.au
– Australian Bureau of Statistics (ABS) Census 2021
– Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022

Suburb Median
Market Absorption
Suburb Yield
Sales Volume

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