This modern-build three bedroom, two bathroom property flows across two storeys and presents a low-maintenance lifestyle opportunity or investment with high rental yield, all in a centrally convenient location in the heart of Midland. Featuring both a courtyard and a balcony, there is plenty of room to spread out and enjoy here!
Property Highlights:
- Three-bedroom, two-bathroom home built in 2008
- 182 square metres total lot size
- 106 square metres internal floor size
- Balcony
- Large courtyard
- Storage room
- Secure parking with remote double garage
- Split system air conditioner to living area
Investor Summary:
- This property is currently rented on a fixed term basis until November 2023 at $410 per week
- Market rent for 11/48-50 Great Northern Highway is approximately $500 per week
- Based on a purchase price of $329,000 and market rent, the estimated rental yield for this property is 7.92%
- This property is based in a strata complex of 14 lots, with estimated strata levies of $865.46 per quarter.
The house presents a delightful modern build throughout both storeys, including plenty of windows to allow for natural lighting. The split system air conditioner to the living area allows for comfortable living year-round, so sit back and relax whilst you enjoy your new home! The living/dining area presents a decent sized area for lounge/settee, TV, or play area. Well-appointed, with plenty of powerpoints and storage space throughout, this house ensures you do not miss out on a comfortable lifestyle!
Nearby the living area, there is a separate tiled area for a dining table, which has a nice view outside through two windows. The nearby kitchen is complete with plenty of storage and bench space, a double sink, gas hotplates, and a built-in oven. Whether you are making yourself a cup of coffee in the morning, cooking lunch for the family, or preparing a entertaining evening for friends, this kitchen provides the space to create a wonderful meal!
The bedrooms for this property are all good sized, and feature carpet as well as built in robes. There are two large showers to both bathrooms (the main bedroom has it's own ensuite). There is also separate laundry facilities.
The exterior of the property is a highlight for this unit, as it not only features a large balcony but also a courtyard and storeroom. The balcony is tiled and would be a great spot for a small table and chairs, or a few potplants. This overlooks the common area below - the property is situated on a strata complex of 14 units. Meanwhile, downstairs, the courtyard is accessible off the garage, as well as a storeroom. If you have kids that need to run around, or simply enjoy sitting out in the sun, this extra outdoor space is for you!
Location-wise, this property is brilliantly positioned - only a 15 minute walk (1.0km) to Midland Gate Shopping Centre, 5 minute walk (350m) to Gilbert Fresh Markets, and all of the cafe's, food outlets and restaurants in the nearby vicinity to these shops. For public transport, there is a bus stop close by as well as Midland Train Station only 15 minutes walk (1.1km), easily bringing you in to the Perth CBD. As for parking your car, if you prefer to drive - there is a secure double garage!
For a centrally convenient location, high current rental yield for immediate investment, or opportunity to move-in for a low-maintenance lifestyle and two large outdoor areas, this house holds the perfect opportunity for you!
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