Opportunities like this are becoming increasingly rare. With property prices on the rise and limited stock available under $500,000, this home is a fantastic chance to step into the market without stretching your budget.
Neat and tidy in presentation, the property remains in original condition, perfect for those who want to add value over time. While it could benefit from some cosmetic upgrades, it's completely liveable as is, giving you flexibility to renovate at your own pace or simply enjoy the steady returns.
Why you'll love it:
Currently leased at $480 per week until 11th November, 2025 offering immediate income
Excellent location - walking distance to transport, moments from Midland's shopping, medical, and lifestyle facilities
Affordable levies at $270 per quarter (due to be reviewed in October)
Planned roof maintenance will further lift the look and appeal of the complex
One of the few remaining properties available below $500,000 in this area
Midvale is a highly sought after suburb, prized for its convenience, affordability, and strong rental demand. Investors will appreciate the reliable returns, while first home buyers will see the potential to create a stylish home in a central location.
In today's market, where affordable homes are harder and harder to find, this is a golden opportunity to secure your future at a price point that's fast disappearing.
Act quickly - at this price, it won't last.
WATER RATES: $980.17
Disclaimer: Whilst every care has been taken in the preparation of this advertisement, accuracy cannot be guaranteed. To the best of our knowledge the information listed is true and accurate, however, may be subject to change without warning at any time and this is often out of our control. Prospective tenants and buyers should make their own enquiries to satisfy themselves on all pertinent matters. Details herein do not constitute any representation by the Owner, the Agent and the Agency and are expressly excluded from any contract.
This property at 1/5 Park Road, Midvale is a two bedroom, one bathroom house sold by Vanessa Tuttle at Professionals 5 Star Realty on 21 Sep 2025.
Looking to buy a similar property in the area? View other two bedroom properties for sale in Midvale or see other recently sold properties in Midvale.
Midvale is an established suburb with some commercial areas along the Great Eastern Highway. Belonging to the municipalities of the City of Swan and the Shire of Mundaring, settlement of Midvale dates from the mid-1800s with its most significant development period occurring between the 1950s and 1980s.
Defined by the homes and parks that dominate its landscape, Midvale provides residents with a quintessential suburban environment. Though home to a small commercial sector, the majority of Midvale is occupied by homes and there are numerous public open spaces like Elder Park, Moir Park, Morrison Park and Salisbury Park providing native scenery for residents to explore and enjoy. Midvale Primary School is the local school.