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7/166 De Witt Road

Stove Hill WA 6714

1
1
50 m²
73 m²
Unit
Currently for sale - view listing

Overview

High-Yield Investment Opportunity in the Heart of Karratha

Positioned in one of WA’s most dynamic resource hubs, this well-presented one-bedroom apartment offers an exceptional opportunity for investors seeking strong returns and long-term security. With a solid rental income and quality corporate tenants already in place, this is a true set-and-forget investment. Currently returning an impressive $1,375 per week, and with an asking price of $375,000, the property delivers a compelling approx. 9.5% net yield, a rare find in today’s market. Leased to OSA helicopter pilots and engineers, the apartment benefits from reliable, long-term occupants, with lease agreements secured through to June 2028, providing peace of mind and consistent cash flow. Property Features: Long-term corporate tenancy in place Secure lease through to June 2029 Recently refreshed with minor upgrades completed Professionally managed with onsite management Low-maintenance, investor-friendly asset Investment Highlights: Strong rental return of $1,375 per week High net yield of approximately 9.5% Backed by major industry drivers including Woodside, Chevron & Santos Located in a high-demand rental market Whether you’re expanding your portfolio or entering the investment market, this is a standout opportunity to secure a high-performing asset in a tightly held location. Opportunities like this in Karratha are rare and highly sought-after, call Grace Reidy today on 0450 197 316 to avoid missing out.

Features

1 bedroom
1 bathroom
50 m² floor area
73 m² lot size
Unit

Happy sellers in Stove Hill

~%

We have insufficient information to provide an overview of customer satisfaction for Stove Hill. Viewing the agent profiles, reviews and sales for Stove Hill can provide insights for this location.

Local market activity for 1 bedroom units in Stove Hill

In the last 12 months, 2 one-bedroom units similar to 7/166 De Witt Road, have been sold.

This represents a 50% increase in one-bedroom units sales when compared to the previous 12 months.

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