Welcome to this exciting Midland unit! Built in 2015 and well looked after, this two-bedroom, one-bathroom property enjoys a comfortable internal living space of 64 square metres placed on a generous total lot size of 90 square metres - thanks to your very own private courtyard that wraps around the unit. Sleek grey tile flooring throughout the main open plan living space and kitchen, u-shaped stone benchtops and a great kitchen, split cycle air conditioning, and an impressively sized (especially for a unit) master bedroom with walk in robes, with the unit also featuring a spacious combined bathroom/laundry space! The property is currently tenanted until June 2025 on a fixed term lease at $425 per week, meaning it is flexible for both investors looking to have rent flowing in from day one, and a patient owner occupier who can wait to move in after the tenants lease ends. Please speak with our team today - don't miss out!
Property Highlights:
- Two-bedroom, one-bathroom unit built in 2015
- Total lot area of 90 square metres
- Internal floor space of 64 square metres plus a 14 square metre courtyard!
- Private courtyard
- Secure complex with intercom, visitor bays, and remote controlled vehicle gate
- Highly walkable location near Midland Gate, public transport and nearby community infrastructure
- Split cycle air conditioning
- Large built in robes in both bedrooms!
- Large bathroom with internal laundry
- Sleek grey floor tiling in main living space, carpet in bedrooms
- Stone benchtops in kitchen and bathroom
- Gas cooking, dishwasher built in plenty of kitchen cabinetry.
- Strata fees are $836 per quarter
- Council Rates of approximately $1500 per annum
- Water Rates of approximately $875 per annum
Investor Summary:
- This property is currently tenanted on a fixed term basis until June 2025 at $425 per week
- Market rent for 2/18 Elvire Street is approximately $520 per week
- Based on a purchase price of $395,000, this property has an estimated gross annual rental yield of a massive 6.9%!
- HouseSmart Real Estate is highly active in Midland and the surrounding areas, and can provide high quality property management services throughout settlement and beyond!
Approaching this modern, stylish unit, you'll be greeted by a secure complex featuring a rendered brick and metal exterior. The unit itself is on ground level and highly accessible, without compromising on security. The complex itself can be accessed via another (secure) pedestrian gate and a remote-controlled vehicle gate, ensuring your safety and convenience. Visitor parking bays and a designated parking space welcome you home. Use the intercom to communicate with guests and deliveries!
Step inside to find a bright, open-plan living area designed with sleek modern grey flooring, LED downlights and plenty of windows which draw natural light inside. Flow through to the living room which is well designed, adjacent the kitchen and perfect for relaxing and entertaining! This space features a glass sliding door that leads to your own private courtyard, perfect for hosting family and friends. A split-cycle air conditioner ensures comfort throughout the seasons.
The kitchen is a chef's dream, featuring sleek white overhead and underneath cabinetry, stone benchtops that wrap around in a U-shape, and a modern tile splash-back with a window above the sink overlooking the backyard area. The kitchen includes a gas stovetop, built-in rangehood, double stainless steel sink, built in dishwasher, and a breakfast bar, all designed to make mealtimes special. An extra-wide fridge nook with overhead cupboards provides ample storage. What a set-up!
This home enjoys two spacious bedrooms. Both bedrooms enjoy large built in robes, carpet flooring, LED downlights and well placed windows to maximise natural light. The bathroom is massive, modern and fresh, with a shower, toilet and a surprisingly good amount of space, combined as a laundry area with a laundry vanity too!
Stepping outside, you'll find a private courtyard with brick paving, perfect for outdoor enjoyment.
To the surrounding area, you will find Midland Gate Shopping Centre, only approx. 1.5km walk, which serves all your needs with Woolworths, Coles, Big W, Kmart, Target, and many speciality stores. As for transport, there is a bus route along Lloyd Street, and Midland Train Station (with a new train station on the way!) is only around 1.9km away. Within walking distance you have Corti Park and Weeip Park, which are both perfect for kids and pets to play. As for schools, Midvale Primary School is only approx. 15 mins walk, and La Salle College approx. 5 minutes short drive!
This a beautiful unit with a brilliant design, ready to be used as an investment or to be moved in to after the tenants lease finishes up. There is a great outdoor courtyard to enjoy, while inside you have two large bedrooms and living area. There are quality features both indoors and out, and with the unit's location, you have everything you need quite close by. Make sure that you don't miss out!
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