6/12 Withnell Way, Bulgarra WA 6714
6/12 Withnell Way, Bulgarra WA 6714
Top-floor apartment in Bulgarra | Corporate lease to Dec 2026 | 7.5% yield on ask | Flood overlay flagged
This is a compact, top-level apartment in a secure gated complex with a pool, double balcony, and external storeroom—rare configuration for Bulgarra where most stock is larger family housing. Its furnished status and existing corporate lease at $650/week through December 2026 point directly to resource-sector tenant demand. The property suits investors seeking a low-maintenance holding with immediate income, or a buyer wanting a lock-and-leave base near the town centre. Strata rates around $7,350 annually are a meaningful cost to factor into cashflow calculations.
The flood management overlay is a planning constraint that may affect future development or insurance premiums, though current residential use appears unaffected. The top-floor position and gated complex add a security and amenity layer that supports premium rental positioning. Strata fees and shire rates combined approach $10,000 per year, which should be weighed against the rental return. The corporate lease provides income certainty through late 2026, but renewal terms and market rent at expiry remain unknown. The property’s compact size may limit appeal to owner-occupiers seeking more space.
Detailed Independent Property Report prepared by PropCred Analyst team for 6/12 Withnell Way, Bulgarra WA 6714
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Bulgarra is a young, family-oriented suburb with a strong trades-based demographic, positioned as a more affordable entry point within its region. Demand is driven by this established local workforce seeking family housing, creating a highly competitive rental market. Recent price growth has been robust, particularly for units, within a context of overall low sales volumes indicating a tight market. Future growth is underpinned by persistent undersupply, though sensitivity to broader regional sales declines presents a key constraint.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
68m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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