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Based on 13 comparable sales near Stove Hill.
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About this property
Positioned in one of WA's most dynamic resource hubs, this well-presented one-bedroom apartment offers an exceptional opportunity for investors seeking strong returns and long-term security. With a solid rental income and quality corporate tenants already in place, this is a true set-and-forget investment. Currently returning an impressive $1,375 per week, and with an asking price of $375,000, the property delivers a compelling approx. 9.5% net yield, a rare find in today's market. Leased to OSA helicopter pilots and engineers, the apartment benefits from reliable, long-term occupants, with lease agreements secured through to June 2028, providing peace of mind and consistent cash flow. Property Features: Long-term corporate tenancy in place Secure lease through to June 2029 Recently refreshed with minor upgrades completed Professionally managed with onsite management Low-maintenance, investor-friendly asset Investment Highlights: Strong rental return of $1,375 per week High net yield of approximately 9.5% Backed by major industry drivers including Woodside, Chevron & Santos Located in a high-demand rental market Whether you're expanding your portfolio or entering the investment market, this is a standout opportunity to secure a high-performing asset in a tightly held location. Opportunities like this in Karratha are rare and highly sought-after, call Grace Reidy today on 0450 197 316 to avoid missing out.
Property Details
- Property Type
- apartment
- Listing Type
- Sold
- Bedrooms
- 1
- Bathrooms
- 1
- Land Area
- 73 m²
- Listed
- 1 month ago
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Neighbourhood
Living in Stove Hill
This 1-bedroom apartment in Stove Hill, WA 6714 sits within reach of local shops local amenities.
What's nearby
- Kmart — 1.9 km away
- City Park — 1.8 km away
- Walgu Park — 1.8 km away
Stove Hill at a glance
Full suburb profile- Population
- 6
- Median age
- 52
- Household income
- $2,250/wk
Source: ABS Census.
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