8A Goodwyn Close, Millars Well WA 6714

8A Goodwyn Close, Millars Well WA 6714
3 bed 1 bath on a massive 1954sqm lot | leased $965/week until May 2026 | strong gross yield near 9% | practical brick home with side access and patio This property is competitively rare in Millars Well due to its exceptionally large 1,954sqm lot, which provides substantial outdoor space and side access for vehicles or future improvements, far exceeding typical suburban blocks. The house itself is a functional three-bedroom brick home with open-plan living, tiled main zones, and air-conditioning throughout, making it suitable for practical owner-occupiers or investors seeking immediate rental income. Its existing lease until mid-2026 at $965 per week and estimated yield near 9% signal strong demand in the Pilbara rental market, positioning this as a low-maintenance holding with genuine income potential. The value of this property may be influenced by its modest internal size of approximately 100sqm and single bathroom, which could limit appeal for larger families despite the generous land. The homeโ€™s age, with no recent construction date and a last sale 38 years ago, may require attention to structural or mechanical condition that is not evident from the listing. Buyers should weigh the opportunity of the oversized block for future subdivision or improvements against the need for potential upgrades, as the propertyโ€™s strength lies more in its land and income than in premium finishes.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 8A Goodwyn Close, Millars Well WA 6714
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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

3

Bathroom

1

Parking

1

Land

1954mยฒ

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