$185,000
Unit 12/67 Newcastle Rd, Northam WA 6401
Apartment
21
Block size: 2281 m² approx.
Investors Only - Long-term tenants
A fantastic investment opportunity currently with long term tenants lease expiring May 2025, occupied since 2013! Situated furthest from the busy road the unit features 2 bedrooms and 1 bathroom. Being located on ground level of the 12-unit complex the unit is homely with a fully fenced small patio with paved sitting area to the front and another patio at the rear with a modest private yard.
Current tenancy is achieving $300 per week with lease expiry 31st-May-2025, relevant notice is required for viewings. 8.4% Gross Return
Built in the 1980's the characteristic brick walls of this time extend through the unit. The open plan living features led lighting and a reverse split system reverse cycle air conditioner and carpet in the lounge with a wall unit aircon and gas cooking in the kitchen as well as a ducted evaporative air conditioner throughout.
Both bedrooms are carpeted with ceiling fans. All wet areas are tiled, with the bathroom consisting of a shower, toilet and vanity. The electric hot water system is housed under the rear patio.
The complex houses 12 units with this unit being approx. 70m² with the yard being approx. 58m² for a total approximate area if 128m².
Shire Rates: $1,458 approx. per annum Water Rates: $1,564 approx. per annum, water consumption is paid through Strata. With sewerage available and connected.
Strata Levies: Currently: Owner pays $1,200 per quarter Only administration fund
Estimate beginning July 2024: Administration Fund $3,419 per year Reserve $1,170 per year for an estimated total of $4,589 per year ($1,147.25 pq or $382.42pcm).
Disclaimer - Whilst every care has been taken in the preparation of this document, accuracy cannot be guaranteed. Prospective purchasers should make their own enquiries to satisfy themselves on all pertinent matters.
Details herein do not constitute any representation by the Vendor or the agent and are expressly excluded from any contract.
All information provided in the document regarding boundaries/fences etc. are an estimate only and the prospective purchases should make their own enquiries to ensure they are satisfied with their purchase.
Property Code: 1922
Current tenancy is achieving $300 per week with lease expiry 31st-May-2025, relevant notice is required for viewings. 8.4% Gross Return
Built in the 1980's the characteristic brick walls of this time extend through the unit. The open plan living features led lighting and a reverse split system reverse cycle air conditioner and carpet in the lounge with a wall unit aircon and gas cooking in the kitchen as well as a ducted evaporative air conditioner throughout.
Both bedrooms are carpeted with ceiling fans. All wet areas are tiled, with the bathroom consisting of a shower, toilet and vanity. The electric hot water system is housed under the rear patio.
The complex houses 12 units with this unit being approx. 70m² with the yard being approx. 58m² for a total approximate area if 128m².
Shire Rates: $1,458 approx. per annum Water Rates: $1,564 approx. per annum, water consumption is paid through Strata. With sewerage available and connected.
Strata Levies: Currently: Owner pays $1,200 per quarter Only administration fund
Estimate beginning July 2024: Administration Fund $3,419 per year Reserve $1,170 per year for an estimated total of $4,589 per year ($1,147.25 pq or $382.42pcm).
Disclaimer - Whilst every care has been taken in the preparation of this document, accuracy cannot be guaranteed. Prospective purchasers should make their own enquiries to satisfy themselves on all pertinent matters.
Details herein do not constitute any representation by the Vendor or the agent and are expressly excluded from any contract.
All information provided in the document regarding boundaries/fences etc. are an estimate only and the prospective purchases should make their own enquiries to ensure they are satisfied with their purchase.
Property Code: 1922
Inspections
No open inspections scheduled.
Send an enquiry
Contact Chloe Lloyd-Abrahams to learn more about this property, request an inspection or take an online tour.
Key details
Bedrooms:
2
Bathrooms:
1
Property type:
Apartment
Block Size:
2281 m²*
Other Details
Lot:
12
Legal description:
S019923/12
Maps and area information
Block information
Block size: 2281m² (approx)
Legal description: S019923/12
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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SummaryMedian sales
Average Age
44 years
Population
6,679
Listing ID: 182193064. This listing has been viewed 10 times. It was first displayed on 03/01/2024 and last updated on 21/03/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.