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47 Falcon Parade

Nickol WA 6714

4
2
2
156 m²
590 m²
House
Currently for sale - view listing

Overview

Strong Investment Opportunity

**Open By Appointment** An exceptional opportunity for residential property investors seeking strong income and an attractive rental return in one of Western Australia's major regional economic centres. Located in Nickol West, within the Karratha region of the Pilbara, the property benefits from a long term lease through an A Class local corporate tenant. With Karratha's prosperous and diverse economy, supported by major industries including resources and mining, energy, construction, logistics and associated service sectors, this is a great opportunity for solid returns for an investor. This strong economic base continues to underpin demand for quality residential accommodation, particularly from corporate and professional tenants. The property is a well-appointed four-bedroom, two-bathroom home with approximately 156 sqm of living area - 220 sqm under main roof, a double carport and positioned on a generous 590 sqm block. It is conveniently located a short distance from Karratha town and a wide range of shopping, dining, employment and essential amenities. Strong Investment Fundamentals The property is currently leased to a long-term A-Class corporate tenant, providing an attractive combination of quality tenancy and strong rental income. • Current rent: $1,750 per week • Annual rental income: $91,000 • Lease: Current lease in place with an established corporate tenant • Indicative gross rental return: Approximately 9.8%–10.35% A gross return at this level is well above traditional metropolitan residential property averages, making the opportunity particularly appealing to investors seeking strong cash flow alongside exposure to an established regional property market. With a substantial rental income, established corporate tenancy, practical four-bedroom accommodation and proximity to Karratha's major employment and amenity precincts, this property presents a compelling income-focused residential investment opportunity.

Features

4 bedrooms
2 bathrooms
2 carspaces
2 carport spaces
156 m² floor area
590 m² lot size
House

Happy sellers in Nickol

92%
92% of sellers in Nickol reported that their sale price either exceeded or met their price expectations.

Nickol stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Nickol over the last 12 months.

Local market activity for 4 bedroom houses in Nickol

In the last 12 months, 36 four-bedroom houses similar to 47 Falcon Parade, have been sold.

This represents a 37% increase in four-bedroom houses sales when compared to the previous 12 months.

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