If you are looking for a property that is close to the city, train station and all your amenities, either to move in to or as a prime investment opportunity, then look no further as this property may be exactly what you are looking for. Situated in a gated complex and on a high level of the building, this apartment has stunning views over the surrounding areas and towards the Perth hills, allowing a luxurious perspective to a this low-maintenance unit. In a complex complete with parking, laundry facilities and an intercom, there is everything you need to settle down in to a comfortable lifestyle, in a prominent Maylands location. Best of all is the massive expected rental yield - with an estimated rental market price of $420 per week, this property could fetch a huge rental yield above 10%!
Property Highlights:
- 1 bedroom, 1 bathroom unit in Maylands
- 43 square metres approx. total size
- Originally built 1970
- Renovated kitchen since it's build date
- Electric cooking and stainless steel appliances
- Large bedroom with it's own bathroom
- Views to the hills from bedroom
- Large balcony with stunning views... come see for yourself!
Investor Summary:
- This property is currently rented on a fixed term basis until March 2024, for $325 per week
- Market rent for 50/12 Tenth Avenue is approximately $420 per week
- Based on a purchase price of $215,000 and market rent, the estimated renal yield for this property is a massive 10.19%!
- HouseSmart Real Estate is highly active in Maylands and the surrounding areas, and can provide high-quality property management services throughout the duration of the tenancy and beyond
Complex Features:
- Gated complex with pedestrian access
- Internal laundry facilities
- Lobby with mail area
- Intercom to lobby
- Elevator (with stair access)
- Visitors' parking to front
- 2 separate parking areas to complex
- Approx. 5 minutes walk from train station
- Strata fees approx. $872.40 per quarter
Coming in to the unit, you can see the views immediately as you step inside. The first thing you notice as you open the door is the large glass sliding doors from the dining area, which allow in lots of natural light as well as providing views. To the main room of the home you will find the living/dining area which is neatly laid out to have the kitchen to the side, providing plenty of space to move across the room, and makes it feel spacious. The living area, is widened with a nook that backs on to the bathroom, which provides extra room for your lounge to go.
The open plan design of this living/dining area means that you can relax without feeling cramped, and can enjoy your new home. The kitchen, which has a modern neutral design, has plenty of bench space, overhead cupboards to one side as to create an open feel to the place, and an electric cooktop to make it easy to fry up your favourite meals.
Stepping through from the kitchen, you can access the balcony which has enough room to put down a garden table for drinking your morning coffee. From here you can see across Maylands, and even the hills in the distance. With an East-facing layout, this would provide excellent sunrises to watch coming over the hills! You can also see these views out the window in the bedroom. This bedroom is quite a large size, with room for a king bed plus to put cupboards for your storage. It also has access to the bathroom, which is complete with a shower, toilet and vanity.
Stepping outside, it is only a short walk (approx. 5 minutes ) to the train station which will bring you in to the Perth CBD. Just to the other side of this train station are a collection of cafe's, restaurants and bars, providing an excellent choice for your food options. There is also an IGA here for all your general groceries and essentials. For an excellent lifestyle opportunity, this unit has it all!
Whether you are looking to make the most of this place and move in yourself, or utilise the amazing location and array of benefits to rent the place out, there is a whole lot on offer here which you definitely cannot afford to miss out on!
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