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MASSIVE $107,120 yearly rental return!
5-bedroom 5-bathroom main house with a completely separate
1 bedroom 1 bathroom + kitchen STUDIO above garage.
This fantastic investment is within walking distance to everything! Including -
• Edith Cowan University Joondalup Campus
• Police Academy
• Joondalup Train and Bus Station
• Joondalup Hospital
• Lakeside Joondalup Shopping Centre
• Cafés, restaurants and much more.
WHAT ARE YOUR OPTIONS?
• Reap the rewards of this property from the day you purchase it with a huge $107,120 gross per year rental return.
OR
• Live in the 1 bedroom 1 bathroom studio and rent out the main house for $83,200 Gross per year
ABOUT THE PROPERTY
MAIN HOUSE - 1 bedrooms downstairs with separate bathroom, big living/dining and kitchen open space and separate laundry with extra toilet
On a first floor you have 2 bedrooms with separate bathrooms and another living area
On the second floor 2 additional big rooms with separate bathrooms
STUDIO - is completely separate with private entrance and located over the double garage complete with a living area, fully equipped kitchen, generous size bedroom and 1 bathroom / laundry.
CURRENT LEASES
Studio - $460 gross per week ($400 NET income)
Bed 1 - $320 gross per week (265 NET income)
Bed 2 - $350 gross per week (290 NET income)
Bed 3 - $310 gross per week (255 NET income)
Bed 4 - $310 gross per week (255 NET income)
Bed 5 - $310 gross per week (255 NET income)
$2,060 per week, $107,120 GROSS per year
or
$1,720 per week, $89,440 NET per year (handle the Amenities which is Water, Gas, Electricity, Internet and Professional Cleaning every 6-8 weeks)
BONUS:
NOTE: ALL FURNITURE THAT IS CURRENTLY IN THE HOUSE IS INCLUDED IN THE SALE PRICE!!!
Details provided for this property is for information only and should not be taken as a representation in any respect on the part of the vendor or their agent. Prospective clients should make their own enquiries regarding the property or fixtures before entering into any Contract or Lease Agreement. All plans and measurements are approximate and not to scale.
Property features
-
Garages
2
Property snapshot by reiwa.com
This property at 134 Lakeside Drive, Joondalup is a six bedroom, six bathroom house sold by Magda Grek at First Western Realty on 17 Jun 2024.
Looking to buy a similar property in the area? View other six bedroom properties for sale in Joondalup or see other recently sold properties in Joondalup.
Nearby schools
Joondalup overview
Joondalup is the thriving urban centre of Perth's outer northern suburbs. The city is named after Lake Joondalup and the name Joondalup is a Noongar word, first recorded in 1837 and possibly meaning either "place of whiteness or glistening", or "place of a creature that can only move backwards".
Joondalup's development is relatively recent having only begun in the 1980s, where rapid growth occurred until 2006 and then steadied between 2006 and 2011 as fewer new homes and dwellings were built. Joondalup's 11 square kilometre land area is primarily used for housing and institutional purposes, with some industry sectors in the west and a commercial area in the suburbs centre.
Life in Joondalup
Joondalup's City Centre is relaxed and casual with an alluring combination of cultural, civic and commercial areas built on the edge of Lake Joondalup. Residents and visitors to the area have an array of restaurants and cafes to choose from, as well as a major shopping centre with over 240 stores and a cinema. There is a university in the area, as well as a private hospital and numerous recreational facilities like an aquatic centre, basketball stadium and an arena. Local schools in the suburb include Joondalup Primary School and Lake Joondalup Baptist College.
Joondalup quick stats
High end
$864k
Median
$746k
Low end
$647k
24.6 %
Annual growth
$746k
Annual median sales price
$650pw
Annual median rental price
