29 Withnell Way, Bulgarra is a 10 bedroom, 10 bathroom Unit with 6 parking spaces and was built in 1972. The property has a land size of 885m2. While the property is not currently for sale or for rent, it was last sold in November 2011.
This boutique six unit strata complex is just 700 metres from the Karratha CBD and Shopping Centre. This is a security gated community with a private pool in a first class area. There are four 2 bedroom 2 bathroom units as well as two one bedroom furnished units. The property features a very high occupancy rate thanks to the quality of the units the facilities, the furnishings and the closeness in proximity to the town centre. The fixtures and finishes and the spaciousness of each of the units are at the top end of the market.
The asking price is significantly below the cost of constructing the development and as the development is quite new there is significant tax advantage through depreciation.
There is substantial positive cash flow available and I believe that an investor with a three to five year investment horizon will do extremely well.
The size of Bulgarra is approximately 4.7 square kilometres. It has 6 parks covering nearly 15.5% of total area. The population of Bulgarra in 2016 was 2652 people. By 2021 the population was 2990 showing a population growth of 12.8% in the area during that time. The predominant age group in Bulgarra is 30-39 years. Households in Bulgarra are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bulgarra work in a trades occupation.In 2021, 48.30% of the homes in Bulgarra were owner-occupied compared with 32.40% in 2016.
Bulgarra has 1,431 properties. Over the last 5 years, Houses in Bulgarra have seen a 60.99% increase in median value, while Units have seen a 79.96% increase. As at 30 April 2026:
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