This beautifully presented two-storey home on Martin Street not only offers a fantastic living space but also an impressive investment opportunity. Priced at $490,000, this property comes with a secure three-year GROH (Government) lease, providing a steady income stream with a weekly rent of $800 and an annual market rent review.
Let’s break down the numbers:
• Purchase Price: $490,000
• Weekly Rent: $800
• Annual Rent Income: $800 x 52 weeks = $41,600
• Gross Rental Yield: ($41,600 / $490,000) x 100 = 8.49%
Why is this property a standout investment?
• High Rental Yield: At an attractive 8.49% gross rental yield, this property promises excellent returns compared to the market average.
• Stable Income: With a secure three-year government lease, you can enjoy peace of mind and consistent cash flow.
• Prime Location: Situated in a quiet yet central area, close to the Oasis Recreation Centre, the airport, shops, schools, and transport options.
Inside, you’ll find a spacious layout featuring four well-sized bedrooms, two bathrooms, a generous kitchen, and expansive open-plan living areas. The downstairs master bedroom comes with its own ensuite and walk-in robe.
Step outside to a large paved patio area, perfect for alfresco entertaining, and neat, low-maintenance gardens.
Don’t miss this opportunity to secure a property with strong investment credentials. Contact Robert Gilmore today to arrange your viewing and make a smart move with this high-yield investment!
Call now and secure your future!
This property at 13 Martin Street, Somerville is a four bedroom, two bathroom house listed for sale by Robert Gilmore at First National Real Estate Kalgoorlie.
For more information about Somerville, including sales data, facts, growth rates, nearby transport and nearby shops, please view our Somerville profile page.
If you would like to get in touch with Robert Gilmore regarding 13 Martin Street, Somerville, please call 0419 864 695 or contact the agent via email.
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