22/23 Sharpe Avenue, Pegs Creek WA 6714
22/23 Sharpe Avenue, Pegs Creek WA 6714
2 bedroom 2 bathroom apartment | 78 square metres internal | gym and pool complex | flood overlay noted | strong rental yield signals
This apartment offers a practical 2 bedroom 2 bathroom layout within a well-equipped complex that includes a gym and pool, making it a low-maintenance option suited to investors, FIFO workers, or downsizers seeking convenience near Karratha’s employment nodes. The 78 square metre internal area is efficiently designed with air conditioning, balcony, and built-in robes, and the configuration is larger and more flexible than the 1 bedroom units common in the same complex. Positioned in a dense apartment precinct rather than a detached housing suburb, this property benefits from strong rental demand tied to the resource sector, with the compact format appealing to shared occupancy or short-term tenants.
The flood overlay indicated on this property may affect future development approvals or insurance costs, which is a factor to consider when assessing long-term value. The apartment sits within a multi-unit complex built around 2012, so the age of common property infrastructure and strata levies might influence holding costs. While the high estimated rental yield is a positive signal, actual returns depend on tenancy type and management, and the lack of a confirmed balcony aspect or view orientation could limit appeal for owner-occupiers seeking light or outlook.
Detailed Independent Property Report prepared by PropCred Analyst team for 22/23 Sharpe Avenue, Pegs Creek WA 6714
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
2
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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
2
Bathroom
2
Parking
1
Land
118m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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