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47 Falcon Parade, Nickol WA 6714

From $870,000

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$850k - $900k High Confidence Calculated based on strong search observations.

House 4 Beds 2 Baths 2 Cars 590 m² 220 m²

Listed: 42 days ago

Updated: 5 days ago

Overview

This well-positioned house offers an attractive investment prospect in the economic hub of the Pilbara, Western Australia, specifically in Nickol West near Karratha town. The property is a spacious four-bedroom, two-bathroom home set on a generous 590 sqm block, facilitating comfortable family living or rental appeal. With around 220 sqm under the main roof, including approximately 156 sqm of living area, the home blends practicality with generous scale.

Currently secured by a reputable long-term A-Class local corporate tenant, the property promises strong and stable rental returns, a feature that makes it especially compelling for investors. Its location leverages Karratha's diverse economy ranging across resources, mining, energy, and logistics, underpinning ongoing demand for quality residential accommodation from professionals and corporate tenants alike.

The double carport complements the ample indoor space, offering convenient parking or additional storage options. Its proximity to key amenities, shopping, dining, and employment centers further enhances liveability as well as tenant appeal, adding to the investment's solid fundamentals.

Financially, this property yields an attractive rental income with a current weekly rent of $1,750, amounting to an annual rental income of around $91,000. The indicative gross rental return estimated between 9.8% and 10.35% is significant, notably surpassing typical metropolitan averages, highlighting its strong cash flow potential.

Overall, the home represents a balanced investment option featuring reliable tenancy, generous living spaces, and strategic location benefits. Its appeal centers on investors seeking consistent income stream opportunities backed by a high-quality corporate lease in a prospering regional market.

Local Market Insights

In Nickol, Quiet Listings observed 43 new houses entering the market over the last 30 days, up from 39 during the previous 30-day period, with an average advertised asking price of $810,907. The property type mix of listed properties is predominantly Houses at 80%, followed by apartments (11%), and units (4%). The most active agency for houses in the Nickol area is currently Realmark, representing 47% of new listings, followed by Pilbara Real Estate with 14%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.