Here’s an opportunity that doesn’t come along very often. Two strata-titled villas, side-by-side in a well-established scheme of just eight, conveniently situated on the corner of Hampton and Forrest Streets, Northam, so close to town amenities.
Buy one. Buy both. Invest now and perhaps occupy later. The possibilities are many.
Investors may choose one villa or secure both and maintain the existing tenancies. Future owner-occupiers could purchase one or both, wait for the relevant fixed-term tenancy to expire and then make their move. Live in one and rent the other, accommodate Grandma nearby or provide some independence for older teenage children. Or simply hold both as investments and let the future take care of itself.
Both villas are presently leased to a WA Government Authority under separate fixed-term tenancy agreements, each returning $430 per week, payable monthly.
At A Glance…
UNIT 7 - TWO BEDROOMS - $470,000
Approx 71 sqm internal | 90 sqm courtyard
Leased at $430 pw | Fixed-term lease expires 17 July 2027
UNIT 8 - THREE BEDROOMS - $490,000
Approx 85 sqm internal | 141 sqm courtyard
Leased at $430 pw | Fixed-term lease expires 20 April 2028
Let’s Talk About the Strata Scheme…
The original site comprised approximately 2,697 sqm and is now known as Carroll Park Villas divided into eight separately titled strata lots with the villas arranged in four clusters of two. So, although Units 7 and 8 sit side-by-side within the same cluster, each has its own separate title meaning you really can buy one or buy both.
Built in 1990 of brick veneer and Colorbond construction, the scheme presents with well-maintained common property. These villas appear to be tightly held, too. Apart from a recent deceased estate sale this year, the immediately preceding sales within the scheme occurred in 2021, then 2002 and earlier.
Location Matters…
Hampton Street is wonderfully central.Northam Senior High School is less than 100 m away and, just two streets beyond the school, you’ll find the Central Regional TAFE campus. At the bottom of Hampton Street is the beautiful Avon River, with the suspension bridge providing pedestrian access across to Northam’s main street shopping precinct.
Let’s Talk About the Villas…
Unit 7 - Two Bedrooms - $470,000
Unit 7 comprises approximately:
90 sqm courtyard
17 sqm open-front garage
71 sqm internal floor area
Inside is a lounge with split-system reverse-cycle air conditioning, two bedrooms including a main bedroom with built-in robes, separate bathroom, laundry and toilet compartments and a long kitchen/meals area. The stove and hot-water unit are electric and there is also fully ducted evaporative air conditioning. From the laundry, the rear door opens onto the brick-paved courtyard which also has a personal access gate to the common driveway.
Currently returning $430 per week, with the fixed-term tenancy expiring 17 July 2027.
Unit 8 - Three Bedrooms - $490,000
Unit 8 is the larger of the two and comprises approximately:
141 sqm courtyard
17 sqm open-front garage
85 sqm internal floor area
Its design is broadly similar to Unit 7 with the important difference of offering three bedrooms together with the additional internal floor area and substantially larger courtyard.
Currently returning $430 per week, with the fixed-term tenancy expiring 20 April 2028.
One or Two - The Choice Is Yours
Whether you’re looking for an investment with an existing government tenancy, contemplating a future home, considering accommodation for extended family or attracted by the flexibility of owning two adjoining but separately titled properties, Units 7 and 8 present an unusual range of possibilities.
As both villas are tenanted, inspections will need to be arranged with consideration for the occupants. Buyers wishing to inspect are invited to register their interest with Tash Brennan or Amitee Anderson, who will co-ordinate Homes Open with the tenants.
