1 Marsh Way, Pegs Creek WA 6714
1 Marsh Way, Pegs Creek WA 6714
3-bedroom house | 733m² lot in Pegs Creek | 5 car spaces | Saturday inspection available
This property’s configuration on a 733m² lot with five car spaces is rare in Pegs Creek, giving a buyer a functional edge for multiple vehicles or a workshop. The 80% owner-occupied suburb and 35% long-term residents signal stable demand, suiting a family or investor seeking low turnover. Proximity to Karratha Senior High School at 0.3km strengthens appeal for households with secondary-age children.
The 2015 sale history without recent price data introduces valuation uncertainty, though the estimated range of $580,000 to $780,000 suggests room for negotiation. Limited street sales and no comparable price details nearby require careful due diligence on market depth. The opportunity lies in leveraging the lot size and parking for added value, but a buyer should verify local sales records to avoid overpaying in a thinly traded market.
Detailed Independent Property Report prepared by PropCred Analyst team for 1 Marsh Way, Pegs Creek WA 6714
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
1
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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
733m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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