9/2 Sun Court, Millars Well WA 6714
9/2 Sun Court, Millars Well WA 6714
3 bed 1 bath townhouse | Leased at $1100/week to 2027 | 107mยฒ lot | 10.4% gross yield locked in | Air conditioned
This townhouse sits in a compact low-maintenance pocket of Millars Well, where its three-bedroom layout gives it a functional edge over the smaller two-bedroom units in the same court. The existing lease at $1,100 per week until February 2027 provides rare income certainty, and the implied gross yield of over 10% is notably strong for a property at this price point. It is best suited to an investor seeking a hands-off holding with a long term tenant already in place, or an owner occupier who values low upkeep and air conditioned comfort over land size.
The 107mยฒ lot is small and the single bathroom may limit appeal for larger households or families. The building age is likely from the early 1980s, which means older fixtures and potential maintenance on common property could arise, though no specific condition issues are flagged. The lease, while a strength for income, also means an owner occupier cannot move in until 2027, and the rental return may not keep pace with market growth over that period. These factors should be weighed carefully against the asking price.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 9/2 Sun Court, Millars Well WA 6714
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.