Situated in a securely gated complex, in a prominent connected location close by to the Swan River and Perth City is this one bedroom, one bathroom unit showcasing a unique and low maintenance design. With desirable features such as air conditioning, built in robes and a balcony, this unit has more than meets the eye!
Originally built in 1979, the property has been updated since then with a new kitchen and bathroom alongside updating the flooring with new carpets, and curtains and paint with a neutral décor. With 44 square metres of total building size, including approximately 40 square metres to the unit itself and four square metres to the balcony, there is plenty of room for the avid downsizer, student, FIFO worker or tenant who wants their own space!
Property Highlights Include:
- Secure gated complex
- Single car parking bay
- Split system air conditioner
- Built in robes to the bedroom
- Modern kitchen design
- North-East facing balcony, surrounded by greenery
Investor Summary:
- This house is currently tenanted on a periodic basis for $300 per week
- Market rent for 16E/66 Great Eastern Hwy is approximately $300 - $315 per week
- Using a purchase price of $190,000 results in a gross annual rental yield of a massive 8.23% !
- HouseSmart is highly active in Rivervale and the surrounding areas, and can provide Property Management Services throughout the course of the sale and beyond.
Inside of the unit, there are attractive finishes throughout which are sure to catch the eye. Along with the updated carpets, there is a modern kitchen featuring a deep stainless steel sink, green design splashback, overhead cupboards providing plenty of storage, and best of all a unique wooden bar bench for eating and drinking with style!
Well-positioned windows provide plenty of natural light throughout the home, whilst the overhead globes and white neutral paint fill the areas with brightness. There is a split system air conditioner to the living area for air flow, and you can easily open the door to the balcony to let some more fresh air in! Being North-East facing, this balcony would catch morning/mid-morning sun well as the sun comes up over the East.
In addition to the living areas, the bedroom also presents itself well, with plenty of storage through the built in robes, soft and comforting carpets, and space enough to put all your belongings! There is also a separate bathroom, with large shower, a vanity, and toilet.
Situationally, this property could not get any better! Having river frontage means nature reserves and walkways are right on your doorstep. Perth CBD is a quick 15 minute drive away, and multiple public transport options are available along Great Eastern Hwy. If you work FIFO, not to worry - Perth Airport is only approx. 17 minutes drive. As for food and essentials, there are plenty of cafe's and restaurants in walking distance along Great Eastern Hwy, and IGA is a walkable 700m.
The complex itself is made up of eight separate buildings, with plenty of greenery throughout. It is strata-managed; with fees coming to approximately $706.00 per quarter including insurance, common area gardening, common area maintenance, and more. For more information regarding the strata please contact us!
Whether you are investing for a huge estimated rental yield, or looking for somewhere secure to live, this unit surely ticks all the boxes which also providing a comfortable and low maintenance lifestyle. What more could you ask for - don't miss out!
