OFFER DEADLINE MONDAY 12PM 23 FEB
Welcome home to this well-positioned home, close to all amenities and set on a spacious 678 square metre block - zoned R40 - for your future needs. Filled throughout with desirable features including split-system air conditioning, ceiling fans, two large bedrooms, central kitchen area and an outdoor patio area, this property provides a practical layout and plenty of opportunity.
Property Highlights
• Total land size of approximately 678 square metres
• Total internal floorspace of approximately 81 square metres
• Originally built 1946
• Tile & weatherboard build
• Parking to front with carport and drive-through access to backyard
• Large rear yard, with shed and outdoor patio
• Split-system air conditioning to living area
• Ceiling fans for a cool breeze
• Two bedrooms
• Bathroom with shower/tub combo
• Central kitchen/dining area
Zoning:
• This property is currently zoned R40
• The city council has advised that there may be subdivision ability into 2 lots (potentially 3) subject to planning conditions and approvals
• We recommend conducting due diligence and check planning & development requirements with the city council and WAPC
Investor Summary
• This property is currently leased on a periodic basis for $330 per week
• Current estimated market rent for this property is $550 - $600 per week
• Strong tenant demand in Midland area
• Future flexibility to renew, re-let, or owner-occupy at lease end
• A free updated rental appraisal can be provided upon readiness to re-lease to current or new tenants
• HouseSmart is active throughout Midland and surrounds and can provide high quality leasing and Property Management services throughout the course of sale and beyond Settlement.
Rates & Fees Estimation:
• Water Rates: Approximately $798.28 per annum
• Council Rates: Approximately $1,763.21 per annum
Location Summary
• Minutes to Midland Gate Shopping Centre
• Public transport nearby including buses and Midland Train Station
• Easy access to Great Eastern Highway
• Close to local parks and schools, including TAFE, St. Brigids' Primary, and Midvale Primary School
• Convenient access to airport and major transport links
With a secure lease already in place, this is a set-and-forget investment with immediate cash flow and flexibility at the end of the term to renew, re-let, or move in. Make the most of this large land parcel in the heart of Midland! For more information or to arrange a viewing, contact Adam Bettison on 0409 929 128.
