40 Morgan Way, Morgantown WA 6701

4-bed fibro home | 785m² fully fenced block | Carnarvon rental demand | split-system aircon in main areas This property offers a rare configuration advantage for Carnarvon—four built-in bedrooms on a single level with separate living zones, which is uncommon in the local fibro stock. The enclosed front patio and rear verandah with glass doors extend usable space without adding maintenance burden. For a buyer seeking immediate rental income or a family home, the established gardens and colourbond fencing reduce upfront work. The periodical lease at $350/week confirms existing demand, and the tenant vacating soon gives a new owner clean possession. This suits first-home buyers or investors wanting a low-entry point in a regional market with steady tenant interest. The main risk is the single bathroom—this limits appeal for larger families or future resale to buyers with children. The fibro construction and galley kitchen are functional but not premium, meaning capital growth will track the suburb median rather than outperform. The solar hot water and 3-phase power are practical upgrades that lower utility costs, not value drivers. Domain’s $315,000 estimate is a realistic floor; any offer above $340,000 should be justified by recent comparable sales. Hold this property for cash flow, not speculation—Carnarvon’s rental demand supports a buy-and-hold strategy with modest appreciation over five years.