59/23 Sharpe Avenue, Pegs Creek WA 6714

4th floor ocean view | Pelago West complex | corporate rental demand | compact 48sqm | flood overlay noted This unit’s strongest buying case is its positioning within a managed complex that commands premium short-to-medium term rental demand in Karratha’s corporate and FIFO market. The furnished presentation, ocean view, and secure amenity set—gym, intercom, balcony—are not common in this price bracket locally, and they give a buyer a clear edge in tenant attraction and retention. It suits an investor seeking a low-touch, high-yield hold rather than an owner-occupier wanting space or land. The primary risk is the flood overlay, which may affect insurance costs and lender appetite, and should be quantified before exchange. The 48sqm internal area is tight for long-term residential use, limiting exit options to similar investor buyers. Strata fees and the current tenancy status are unknowns that directly affect net return. The opportunity is to lock in the current $1,350 per week asking rent if verified, which would deliver a strong yield relative to the valuation range. Hold this property as a furnished rental targeting corporate tenants, and review the flood overlay’s impact on holding costs annually.