34 Atkinson Way, Millars Well WA 6714
34 Atkinson Way, Millars Well WA 6714
34 Atkinson Way is a 5-bedroom, 3-bathroom renovated 1987 house on a lot up to 835 square metres, with parking for 4 cars. It is fully air-conditioned and currently leased at $1,750 per week. Positioned above the suburb median, this property offers a rare combination of size, modern finishes, and high rental demand.
This property’s competitive strength lies in its comprehensive renovation, which transforms an older structure into a modern family home with multiple living zones and a workshop. Its large lot and flexible layout, including room for a pool, make it rare in this suburb. The very high rental yield signals strong demand from professionals or families tied to local industry, making it ideal for an investor seeking immediate income or a buyer wanting a move-in-ready home with space to grow.
The property’s age from 1987, despite renovation, may affect long-term maintenance expectations. Conflicting data on lot size and room count could create buyer hesitation, potentially slowing the sale or influencing final price negotiations. The high current rent may not be sustainable if market conditions shift, so future rental growth should be assessed conservatively. These factors offer a buyer leverage when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 34 Atkinson Way, Millars Well WA 6714
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Millars Well is a young, established suburb with a strong trades-based demographic driving demand, underpinned by high household incomes. The market is experiencing robust price growth, with houses selling quickly, indicating a tight and active environment. Future growth is supported by sustained demand, though low current listings present a significant supply constraint that could pressure affordability.
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PropCred Estimated Value
Bedrooms
5
Bathroom
2
Parking
4
Land
835m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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