Presenting a rare opportunity to acquire a substantial and versatile property in Newman, Western Australia.
This established residence at 15 Spinifex Street offers an impressive four-bedrooms, four-bathroom layout spread across two levels. What sets this home apart is its unique configuration featuring two self-contained one-bedroom units on each floor—each equipped with its own kitchen and bathroom facilities. This design perfectly caters to corporate renters.
Situated on a 259 sqm block, this property boasts modern comforts including split system air conditioning throughout, built-in wardrobes for ample storage, broadband connectivity for seamless work-from-home capabilities, and undercover parking for two vehicles. The fully fenced courtyard provides a secure outdoor area ideal for relaxation or entertaining guests.
Newman is known as a thriving mining town with strong economic fundamentals supported by ongoing resource development projects. Properties like this are highly sought after due to limited availability of spacious homes offering multiple independent living quarters within close proximity to local amenities and transport links.
Currently leased until June 2027 at $1,200 per week this home represents an outstanding investment opportunity combining steady income potential with long-term capital growth prospects in one of WA's key regional hubs.
Why Investors Will Find This Property Attractive
This property stands out as an exceptional investment due to its income potential from the four self-contained units that appeal strongly to corporate tenants working in Newman's booming mining sector. The existing lease agreement guarantees rental income stability until mid-2026 while providing scope for increased returns post-lease renewal through the planned rent rise. Additionally, the location benefits from consistent demand driven by workforce accommodation needs coupled with limited supply of comparable multi-unit homes nearby. With low maintenance requirements on an established land parcel and attractive features such as split system air conditioning and under cover parking included in the package, investors can expect both immediate cash flow benefits and future asset appreciation within this resilient market.
Property Features:
- Ensuite
- Built-in wardrobes
- Broadband connectivity
- Air conditioning
- Undercover parking
- Fully fenced yard
- Courtyard
Key Financial Details:
- Strata rates: Approx $643.47 per quarter
- Current weekly rent: $1,200
