Sold
133 Crawford Road, Maylands WA 6051
Sold price: $1,215,000
Sold: 08 Jul 2020
Sold
-
2 Bedrooms
-
1 Bathroom
-
1 Car
-
Landsize 1,009m2
House
View
INVESTOR AND DEVELOPER ALERT!
AN INTRIGUING AND VERSATILE OPPORTUNITY
Discerning investors and smart developers seeking a prime property that offers solid existing income stream, future high-density development potential and an elevated position within a highly sought-after location will see this as the one opportunity too good to miss!
Set on a large and elevated 1019m2 block in a preferred location, this outstanding opportunity ticks all the investing and developing boxes for those seeking a quality property with potential, income, and position!
Current improvements comprised of 6 individually titled properties, adding considerable and valuable versatility to the investment component with the option to sell off portion of the investment if and when required.
THE PROPERTY
Substantial 1019m2 land component
High density residential zoning
Generous 25.5 metre frontage
Preferred elevated position
Desirable inner-city location
Close to transport and amenities
THE IMPROVEMENTS
6 leased 2-bedroom apartment units
All apartments leased on fixed contracts
Solid existing income with strong nett yield
Individually titled units
THE INVESTMENT
Existing solid rental income
Potential to increase yield
Excellent negative gearing benefits
Versatility of separately titled units
Reasonable holding costs
THE DEVELOPMENT POTENTIAL
Strategic and elevated position
Large 1019m2 sized block
Rectangular footprint with wide frontage
Preferred city fringe location
High density residential zoning
Growing and developing precinct
For more details on this outstanding opportunity, contact the selling agents
Property features
-
Carports
1
-
Toilets
1
Property snapshot by reiwa.com
This property at 133 Crawford Road, Maylands is a two bedroom, one bathroom house sold by Ray Cafini and Rob Paradiso at ProProperty Group on 08 Jul 2020.
Looking to buy a similar property in the area? View other two bedroom properties for sale in Maylands or see other recently sold properties in Maylands.
Nearby schools
Maylands overview
Maylands is a riverside inner-city suburb approximately 4.5 kilometres northeast of Perth, serviced by the Midland railway line on the northern bank of the Swan River. In 1896 the name "Maylands" was first used to identify the area, appearing on a poster advertising a land auction. However the exact reason how the area got its name is something of a mystery.
The suburb was once a source of clay for brick and tile making at Maylands Brickworks, and the pits from these activities are now part of a golf course and residential area. It was home to Perth's main airport until the early 1960s, and the facilities were converted to a training area for the Western Australian Police Service.
Life in Maylands
Maylands is known as a cultural and creative hub as it is home to The West Australian Ballet Centre and home to the WA Youth Jazz Orchestra. In recent years, new bars, cafés and restaurants, along with gourmet food and retail outlets have all contributed to an ongoing transformation of the town centre into a lively, diverse and inclusive destination. There are numerous shopping centres in the area, 15 parks and reserves and two primary schools.
Maylands quick stats
High end
$1.1m
Median
$775k
Low end
$600k
6.2 %
Annual growth
$775k
Annual median sales price
$700pw
Annual median rental price
Contact the agent
