22 Craig Street, Port Hedland WA 6721
22 Craig Street, Port Hedland WA 6721
1970 solid brick | 943sqm Cooke Point | company lease at $1700/week | flood zone flagged | 4×1 on coastal land
This property occupies a tightly held coastal pocket where large landholdings on solid brick construction are increasingly uncommon. The 943sqm site provides a rare combination of generous land and functional single-level layout, supported by a renovated bathroom and built-in robes across all four bedrooms. Its strongest appeal lies in the secured company lease at $1700 per week through to August 2026, which delivers substantial rental income for an investor seeking immediate cash flow. For future owner-occupiers, the location near an oval, playground, and schools adds everyday convenience, though the house itself is basic 1970s stock requiring consideration of ongoing maintenance.
The flood zone flag may influence insurance costs and long-term holding considerations, though no bushfire or heritage constraints apply. The inconsistent parking capacity across listings suggests the carport setup should be physically verified to confirm actual usable spaces. The absence of detailed information on kitchen quality, flooring, air-conditioning, and outdoor features means a thorough inspection is essential to assess what updates may be needed. The coastal proximity implied by listing language does not guarantee a direct ocean view, and the property’s aspect remains unconfirmed.
Detailed Independent Property Report prepared by PropCred Analyst team for 22 Craig Street, Port Hedland WA 6721
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Port Hedland is a resource-driven market with strong fundamentals underpinned by the expanding mining and shipping sectors, which are attracting a workforce and sustaining housing demand. This influx of trades professionals supports a robust rental market with high yields, though property prices exhibit volatility reflective of the region’s economic cycles. Future growth is tied to ongoing industrial projects, yet investors must navigate the inherent price sensitivity to commodity markets and broader economic influences.
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PropCred Estimated Value
Bedrooms
4
Bathroom
1
Parking
4
Land
943m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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