Looking for a very affordable rental investment with a great yield? This tidy two bedroom unit has been renovated inside with a new kitchen layout and cupboards, hard wearing vinyl planking to the kitchen, bathroom and laundry, air conditioning in the lounge and master bedroom, and new paint and window treatments throughout. It's easy walking distance to the shops, train station and the river, and a short drive from the Perth city center making it an ideal rental in today's booming rental market.
Mount Prospect Apartments (19 Joseph Street) is a low maintenance secure complex of 50 units with low strata fees, full perimeter fencing, an automatic gate to the carpark and keypad controlled pedestrian gates. It's only 700m from Swan River parkland (Berringa Park), 700m from the nearest Coles Supermarket, 900m to the Maylands Café Strip and 1.2km walk from Maylands Train Station. It's nice and secure and very central for those looking to enjoy the cafes, bars, restaurants and entertainment Maylands, Inglewood, Mount Lawley and Perth City have to offer.
Features at a Glance:
• 2 Bed 1 Bath 1 Balcony 1 Car Bay (non-allocated)
• 59m2 internally on strata plan + 3m2 balcony = 63m2 Total
• Split system air conditioning to the lounge and master bedroom
• Central location close to shops/river/public transport. Around 350m to the nearest bus stop, around 700m to Swan River parkland reserve, 1km to Maylands Peninsula Public Golf Course, 1.2kms to Maylands Train Station & Café Strip and around 5kms to the City Centre.
• Complex built in 1970 but well maintained and fully renovated internally
• Potential rental of around $360 per week
• Strata Admin Fee $550/qtr + Strata Reserve $25/qtr = $575/qtr
• Council Rates: $1,657 p.a. Water Rates: $799 p.a.
• Please note: Underground power is scheduled to come to this part of Maylands in the next 12 months. Bills have not yet been received but are estimated to be around $2,500 per property after being subsidized by the State Government. This will be a benefit to buyers by improving the area but the buyers of this property will need to plan to pay for the underground power in the near future.
