26B Lady Douglas Way, Pegs Creek WA 6714

26B Lady Douglas Way, Pegs Creek WA 6714
3-bed villa | green title | leased to mid-2026 | flood overlay noted This property offers a rare combination of green title ownership and a secure income stream in a tightly held suburb where 85% of residents are owners. The double brick construction, separate lounge, and large undercover patio provide a configuration that suits both tenants and owner-occupiers. The existing lease at $1,100 per week until July 2026 delivers immediate yield well above the suburb average of 8.8%, making this most suitable for an investor seeking a low-management entry into the Karratha market. The detected flood overlay is the primary risk and warrants further due diligence on insurance costs and historical inundation. The 2011 last sale date and recent listing suggest limited recent market exposure, though the estimated value of $589,000 indicates some upside. The NBN FTTB connection is adequate for most needs. Vacant possession is available after the lease ends, offering a clear pathway for a first-home buyer or a repositioning opportunity for an investor seeking to reset the rental to market rates.
Detailed Independent Property Report prepared  by PropCred Analyst team for 26B Lady Douglas Way, Pegs Creek WA 6714
Checks found:
Value Risk ✓
Liquidity Risk ✕ 2
Planning Risk ! 1
Income Risk ✓
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

2

Parking

1

Land

371m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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