Welcome to 9/64 Railway Parade, Midland. Tucked towards the back of a complex, this two bedroom property presents a convenient and accessible option to live in, nearby all amenities including the upcoming new Midland Train Station. Perfect for the commuter, student or family needing to be close to transport, shops and schools. Filled throughout with great features including a large kitchen & bathroom, air conditioning to the living area, and built in robes to the bedrooms, this property has a lot to love - don't miss out on this opportunity!
Property Highlights:
• Two-bedroom, one-bathroom unit; built approximately 1979
• Total block size of 67 square metres
• Undercover parking area next to the unit
• Allocated undercover parking bay
• Welcoming living area to the front of the unit
• Wall air-conditioner to the living area
• Kitchen accessible next to living area
• Window from kitchen to look out to living area
• Large windows throughout for natural light
• Built in robes to the bedrooms for storage
• Bathroom with bathtub / shower combo
• Laundry leading out to rear yard
• Outdoor area with side gate
Investor Summary:
• This property is currently leased on a periodic basis, for $400 per week
• Market Rent is approximately $475 per week
• Based on market rent and the asking price, this poses an attractive rental yield of around 6.19%!
• 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.
Location Summary:
• The new Midland Train Station is expected to be completed in early 2026 and will bring better connection to transport systems and the Perth CBD, as well as walking/biking paths and landscaped areas in the area nearby Railway Parade
• Many cafe's, restaurants and bars nearby for entertainment options
• Midland Gate Shopping Centre a short walking distance, plus Centrepoint Gateway
• Nearby schools including Guildford Grammar, La Salle College, and Woodbridge Primary School
• Street parking available along Railway Parade
Rates & Fees Estimation:
• Water Rates: $770.8 per annum
• Council Rates: $TBA
• Strata Rates: $583 per quarter
Delivering an opportunity for a high-yield investment, or a place to call home for your own, this property has many uses. Featuring all the amenities you need in a modern home, this home is a convenient choice - and is close to all facilities, for easy day-to-day travelling. Contact Adam Bettison on 0409 929 128 for more information or to book a viewing today!
