$150,000

2 Bed  •  1 Bath  •  0 Car  •  685m²

Main view of Homely house listing, 57 Federal Road, Boulder WA 6432
Second view of Homely house listing, 57 Federal Road, Boulder WA 6432
Third view of Homely house listing, 57 Federal Road, Boulder WA 6432
+10

Sold

57 Federal Road, Boulder WA 6432

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$150,000

  • 2
  • 1
  • 0
  • 685m²

House Sold on Fri 15 Dec, 2023

What's around Federal Road

House description

“Positive Cash Flow (11% Yield) or Cheap First Home (New Zoning Changes)”

Centrally located between the two business district center of Kalgoorlie and Boulder, this character home that will give you a positive rental return or provides you with a very low mortgage.

Add this to your portfolio, as the tenants are happy to stay for a while.

Or if you are handy secure this home and update this “old lady”. Either way it’s a win win situation!

The features:

• 2 Bedrooms
• 1 Bathroom
• Living area
• Kitchen
• Laundry
• Front Verandah
• Evaporative Air Conditioning
• 2 Sheds at rear
• Roomy 685m2 block (approx.)
• Rear lane access

The home is in a decent livable condition but would benefit from a renovation throughout.

It is priced accordingly to give you room to improve for the future. The new town planning scheme just changed to R30. This would give the option to have two dwellings on the block (subject to council approval).

The important investors figures:

• Rates $1,964.00
• Water Connection fee $270.00 per year
• Rental income $380 per week ($19,760 per year)
• Lease until December 2023 but tenants are happy to stay on

There are only a handful of properties below $200,000 available and with the low vacancy rates there might less and less coming to the market.

Act now, to secure this home connect with Iris Haynes 0420 471 461 to learn more.

Council rates: $1,964.00 pa
Water rates: $270.00 pa

Property features

floorboards

Floorboards

fullyFenced

Fully Fenced

livingAreas

Living Areas: 1

secureParking

Secure Parking

toilets

Toilets: 1

Other features

11% Rental Yield

Land details

Area: 685m²
Fourth view of Homely house listing, 57 Federal Road, Boulder WA 6432View more
Fifth view of Homely house listing, 57 Federal Road, Boulder WA 6432View more

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57 Federal Road, Boulder WA 6432
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