36B Frinderstein Way, Pegs Creek WA 6714

36B Frinderstein Way, Pegs Creek WA 6714
3-bed brick villa | Pegs Creek | 111mยฒ internal | leased $770/wk | 9-day avg turnover The property offers a rare combination of immediate rental income and strong market liquidity, with Pegs Creek’s three-bedroom homes averaging just nine days on market. The 111mยฒ internal area on 370mยฒ land positions it well for owner-occupiers seeking low-maintenance living, while the existing $770 weekly lease provides a reliable yield for investors. Its brick construction and single bathroom configuration suit downsizers or first-home buyers, though the one-car parking may limit family appeal. The main risk is the asking price sitting below estimated value, which could indicate either realistic positioning or underlying condition concerns not visible in available data. The 2010 last sale date and lack of recent comparable sales create uncertainty around pricing accuracy. However, the quick suburb turnover suggests strong demand absorption, and the video tour’s single view presents a marketing opportunity for proactive buyers to negotiate before wider exposure.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 36B Frinderstein Way, Pegs Creek WA 6714
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Market Insight:

Pegs Creek is positioned as a high-demand suburb within Karratha, characterised by a significant undersupply of both houses and units. Demand is driven by a tight rental market, with vacancy rates critically low and a high proportion of renters, creating strong investor appeal. Recent price trends show robust growth, supported by quick sales and a market shifting in favour of sellers. Future growth is underpinned by this sustained undersupply, though key risks include a notable decline in sales volume and new residential development lagging behind demand.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

1

Land

370mยฒ

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