15 Spinifex Street
Newman, WA 6753

Overview

15 Spinifex Street, Newman WA 6753

Presenting a rare opportunity to acquire a substantial and versatile property located in Newman, Western Australia. This well-established residence at 15 Spinifex Street features an impressive layout with four bedrooms and four bathrooms spread across two levels, offering ample space and comfort for residents.

A distinctive aspect of this home is its unique configuration, which includes two self-contained one-bedroom units on each floor. Each unit is equipped with its own kitchen and bathroom facilities, making the property ideally suited for corporate renters or those seeking independent living quarters within the same building.

The property is situated on a 259 square meter block and offers modern conveniences such as split system air conditioning throughout the home, built-in wardrobes providing generous storage options, and broadband connectivity to support seamless work-from-home arrangements. Additionally, there is undercover parking available for two vehicles, enhancing convenience and security.

The fully fenced courtyard offers a secure outdoor space perfect for relaxation or entertaining guests, adding to the property's appeal. Newman itself is recognized as a thriving mining town with strong economic fundamentals, supported by ongoing resource development projects. Properties like this are in high demand due to the limited availability of spacious homes that offer multiple independent living quarters close to local amenities and transport links.

Currently, the property is leased until June 2026 at $1,000 per week, with a scheduled rent increase to $1,200 per week thereafter. This presents an outstanding investment opportunity, combining steady income potential with long-term capital growth prospects in one of Western Australia's key regional hubs.

Investment Highlights:

• The income potential from the four self-contained units appeals strongly to corporate tenants working in Newman's booming mining sector.
• The existing lease agreement guarantees rental income stability until mid-2026, with scope for increased returns following lease renewal due to the planned rent rise.
• The location benefits from consistent demand driven by workforce accommodation needs, coupled with a limited supply of comparable multi-unit homes nearby.
• Low maintenance requirements on an established land parcel add to the property's attractiveness.
• Additional features such as split system air conditioning and undercover parking are included, providing immediate cash flow benefits and future asset appreciation within this resilient market.

Property Features:

• Ensuite bathrooms
• Built-in wardrobes
• Broadband connectivity
• Air conditioning throughout
• Undercover parking
• Fully fenced yard
• Secure courtyard area

Financial Details:

• Strata rates approximately $643.47 per quarter
• Current weekly rent of $1,000

Location