13 Pelusey Way, Nickol WA 6714

4-bed leased house | 738sqm Nickol block | $1,750pw income to 2027 | Pilbara investment yield. This property offers a rare combination of immediate, above-market rental income and land value in a tight Pilbara market. The current lease at $1,750 per week, secured until January 2027, provides a strong, predictable cash flow that significantly outperforms typical rental estimates for the area, making it suited to an investor seeking yield and holding power. The 738sqm lot with a pool and air conditioning adds long-term capital potential, though the building size discrepancy requires verification. The primary risk is the flood overlay, which may affect insurance costs and future development options, while the 112km distance to the school zone limits family buyer appeal. The key opportunity lies in the lease term: a buyer gains a de-risked income stream for nearly three years, with the option to reassess the property’s highest and best use at lease expiry. Hold for cash flow, then evaluate subdivision or redevelopment potential.