1/8 Leeds Close, Millars Well WA 6714

1/8 Leeds Close, Millars Well WA 6714
3 bedrooms, 1 bathroom, 2 parking spaces. Ground floor unit, 101m² land, built 1981. Side access with hardstand behind gates for a caravan or boat. This unit holds a rare competitive edge in Millars Well because it combines three bedrooms with two dedicated parking spaces and ground floor access, including a gated hardstand for a caravan or boat. Most units in this older complex only offer a single parking spot, so this configuration is genuinely uncommon. The property sits in an established residential pocket of Karratha, where demand for functional family accommodation is consistently high due to the local workforce. It serves best either an investor seeking strong rental yield or a small family wanting space and secure parking without moving to a full house. The 1981 build age may mean the interior finishes are original or dated, which could affect how the property compares against newer stock in the area. Buyers should weigh whether cosmetic updates are needed soon and factor that into their view on price. The small 101m² lot limits outdoor living space, though the side access and hardstand partially offset that. Rental demand for a three bedroom unit with double parking is likely strong, but the exact premium over single parking units in the same complex is not guaranteed.
Detailed Independent Property Report prepared  by PropCred Analyst team for 1/8 Leeds Close, Millars Well WA 6714
Checks found:
Value Risk
Liquidity Risk
Planning Risk 2
Income Risk ! 1
Execution Risk
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

Market Insight

Millars Well is a young, established suburb with a strong trades-based demographic driving demand, underpinned by high household incomes. The market is experiencing robust price growth, with houses selling quickly, indicating a tight and active environment. Future growth is supported by sustained demand, though low current listings present a significant supply constraint that could pressure affordability.
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

2

Land

101m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat