3 Craig Street, South Carnarvon WA 6701

3 Craig Street, South Carnarvon WA 6701
3-bed 1-bath house | 690m² block | fibro-Colorbond build | ~9.6% rental yield | investor demand This house is a functional entry-level proposition in South Carnarvon’s detached market. A three-bedroom, one-bathroom layout on 690 square metres aligns with the suburb’s established stock, where practical fibro and Colorbond construction has been commonly upgraded. The compact land area is offset by strong income potential, inferred from local rental demand near $450 per week, which implies a gross yield of 9.6 percent. Investors prioritising cash flow are favoured by this profile. The configuration is considered serviceable by owner-occupiers wanting an affordable footprint, though the principal appeal remains price and rental return. Maintenance may be required due to older construction, which could temper capital growth. The 690 square metre land could limit redevelopment upside, though it lowers entry price. Investor competition may be attracted by the strong rental yield. Resale liquidity could be affected by any softening in local demand. Condition and presentation will be the main value driver. >> Comparable Sales: The property’s sale at $245,000 is the primary price reference; a $450/week rental benchmark supports income value. | Property Price Band: $200,000–$300,000 | Value Drivers: land area, practical condition, income yield.
Detailed Independent Property Report prepared  by PropCred Analyst team for 3 Craig Street, South Carnarvon WA 6701
Checks found:
Value Risk ! 1
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk 2
Execution Risk ! 1
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Market Insight

South Carnarvon is a thin, investor-driven Western Australian market, with gross rental yields of 9.33% for houses and 11.38% for units. Median house prices sit between $238,500 and $250,000, and annual growth has contracted by 1.96% to 3.85% over the past year. House rents average $350 weekly, yet sales volumes remain minimal at 25 houses and one unit over twelve months. Days on market have shortened from 49 to 15, suggesting some recent absorption, but the broader price trend is negative. Without structural demand drivers beyond yield, the market faces constraints from declining values, sparse turnover, and a small buyer base.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

-

Land

690m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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