Sold
10/1 Minora Place, Rivervale WA 6103
Sold price: $110,000
Sold: 03 May 2020
Sold
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1 Bedroom
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1 Bathroom
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1 Car
Unit
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8.5% Rent Return - Better than Money in the Bank!
More Offers Wanted! Ideal for investors, we have priced this property to move quickly, it's the cheapest property in the area!
Part of the Burswood Lodge complex, a long established short stay, motel complex between the city, river & airport. It's leased to the complex operators at $800 per calendar month, that's a 8.5% return!
The perfect opportunity for smart investors to buy now at heavily discounted prices in today's market and benefit from the great returns on offer.
Located just of Great Eastern Hwy, only 100 meters from the Swan River Foreshore, and adjacent to the Springs redevelopment. Walking distance to local shops, cafes, bus stops & the Burswood train station.
Well maintained group of 26 units, this apartment is a large 47sqm in size, has a split system air conditioner and its own balcony. Its an end unit, so has only one common wall (living area) for extra privacy.
Council $1,275
Water $1,262
Strata $479 qtr.
Even after the outgoings, the return is still over 4.5%, compared to cash in the bank this is an easy investment decision.
The easiest of easy care investments, there is nothing for you to do, just sit back and watch the rent coming in.
Russell White 0419 903 598 [email protected]
Property features
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Carports
1
Property snapshot by reiwa.com
This property at 10/1 Minora Place, Rivervale is a one bedroom, one bathroom unit sold by Russell White at Park Property Residential Commercial on 03 May 2020.
Looking to buy a similar property in the area? View other one bedroom properties for sale in Rivervale or see other recently sold properties in Rivervale.
Nearby schools
Rivervale overview
Rivervale is a predominantly residential area spanning three square kilometres. Established in the 1840s, significant residential development did not occur until the 1950s and 1960s.
Life in Rivervale
Rivervale's family-friendly lifestyle is an appealing feature of the inner-city suburb. There are numerous parks and ovals, such as Wilson Park, which features a number of netball courts open for public use, as well as a playground and community centre.
The Kooyong Road Shopping Strip features a large IGA, chemist, butcher, post office, take away food outlets, with the Belmont Forum the closest shopping centre. There are two local schools in Rivervale including St Augustine's Primary School and Rivervale Primary School. Many homes in the suburbs are also catered for by the nearby suburbs schools such as Carlisle and Lathlain.
Rivervale quick stats
High end
$910k
Median
$760k
Low end
$658k
14.7 %
Annual growth
$760k
Annual median sales price
$740pw
Annual median rental price
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