605/15-21 Welsh Street, South Hedland WA 6722
605/15-21 Welsh Street, South Hedland WA 6722
2-bed top-floor apartment | rare high-rise format in South Hedland | fully renovated and furnished | 96m² with secure parking | high strata fees offset by strong rent
This unit is rare as South Hedland’s only high-rise residential offering. The top-floor position gives privacy and outlook, and the kitchen, bathroom, balcony, and flooring have been freshly renovated. Shared resort-style facilities, including a pool, BBQ, playground, and basketball court, are complemented by secure entry, parking, and storage. The apartment is best suited to an investor seeking high cash flow, as its fully furnished presentation and existing tenancy are supported by demand from FIFO and regional workers. This configuration differentiates it clearly from the detached housing that dominates the suburb.
The property’s value may be shaped by high strata fees of roughly $3,174 per quarter, which reduce net returns despite strong rent. Regional employment conditions may also influence rental demand, and maintenance expectations might be introduced by the building’s older age. These factors may be offset by the long-term lease, renovated condition, and top-floor scarcity.
>> Comparable Sales: Unit 202 at $198k and Unit 310 at $225k in the same complex | Property Price Band: $350k-$450k | Value Drivers: renovated presentation, top-floor outlook, long-term lease income
Detailed Independent Property Report prepared by PropCred Analyst team for 605/15-21 Welsh Street, South Hedland WA 6722
Checks found:
Value Risk
✓
Liquidity Risk
✕
2
Planning Risk
✓
Income Risk
✓
Execution Risk
✓
Market Insight
South Hedland, in the Port Hedland region, is a trade-linked industrial suburb with proximity to port facilities. Demand is driven by 30-39-year-old couples with children in trades, plus investors chasing gross rental yields of 12% for houses and 16.28% for units, with median weekly rents of $950 and $750 respectively. House prices have grown 4.37% annually to a median of $490,525, while units fell 0.94% to $299,000; houses sell in 24 days on average, with 232 annual sales. Rental demand is supported by 45.98% of occupants renting. Future growth hinges on industrial activity around Port Hedland, but risks include a 2.13% increase in house stock, unit listing prices down 11.86% over the year, and affordability constraints evidenced by typical mortgage repayments of $1,000-$1,399 monthly.
PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
101m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst