Back 101/29 Melville Parade
Off Market

101/29 Melville Parade

South Perth WA 6151

2
1
1
0 m²
Unit
Last sold for $325,000
David LynchDavid Lynch, last sold this property on 13 March 2022 after 59 days on market.

Overview

Secure long term tenant 7% plus return

Investors Delight This apartment also features, kitchen, bathroom/laundry, lounge, dining, reverse cycle air-conditioning, full security complex, ample visitor parking. Spacious two bedroom (with robes), 1 bathroom apartment is located just minutes from the city, walking distance from café/restaurant strip and shopping precinct of Mends Street, the Swan River and the Zoo. BONUS FEATURES: Easy access to ground floor unit Designated car bay at the front door Immaculately maintained complex Current rental $450 per week, Long-term tenant $1,950 Month - $23,400 Annum Income LOCATION: Walking distance to the stylish renovated Mends Street Shopping precinct, cafes and the ever popular Windsor Hotel, Cocos Easy access to Ferry and buses Beautiful Swan River foreshore on your doorstep Walk across the Narrows Bridge to the CBD Just 800m to the Perth Zoo Close to Wesley College City of South Perth Rates P/A $1,659.66 Approx. Water Rates P/A $1,010 Approx Strata Fee P/A admin/reserve fund $3,000 Approx Don't delay contact today for a private viewing David Lynch, MOB: 0409 955 554 EMAIL: david.lynch@peard.com.au

Features

2 bedrooms
1 bathroom
1 carspace
1 carport space
0 m² floor area
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in South Perth over the last 12 months, the estimated median property value of 101/29 Melville Parade is $800k.

Median value
$800k
Estimated value range
$490k - $820k
Median days on market
30
Estimated value trend
58%
increase over the last 12 months
Average days on market is based on recent, comparable sales in South Perth. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 101/29 Melville Parade

2022
Sold
$325,000
Private Sale/Treaty on 13 Mar 2022 by David Lynch, of Peard Real Estate Scarborough

Happy sellers in South Perth

89%
89% of sellers in South Perth reported that their sale price either exceeded or met their price expectations.

South Perth stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 51 reviews in South Perth over the last 12 months.

Local market activity for 2 bedroom units in South Perth

In the last 12 months, 5 two-bedroom units similar to 101/29 Melville Parade, have been sold.

This represents a 80% increase in two-bedroom units sales when compared to the previous 12 months.

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