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3x2 TOWNHOUSE + 1x1 STUDIO APARTMENT
ANOTHER SOLD BY LINDSAY KING
DELUXE HOME WITH MANY OPTIONS!
GREAT REAL ESTATE INVESTMENT!
If you are looking for a great investment opportunity in Joondalup City - then this is it.
Immaculately presented 3 bedroom 2 bathroom, 3 toilet townhouse PLUS a fully self-contained 1 bed 1 bath studio apartment offers a great opportunity to get into the investment market and potentially positively gear a property.
Gross rental return is currently $815 per week. Incredibly that is over 6.2% rental yield. The average house rental yield in Joondalup is only 4.3% (REIWA).
In addition to that, Joondalup City offers a unique environment for students to "rent by the room" providing them with luxurious accommodation at an affordable price - whilst increasing the rental return even further for the Owner.
This property is located opposite the Police Academy and Edith Cowan University and can’t be faulted.
Townhouse:
• Large master bedroom with sliding glass doors to balcony, 2 large built-in robes, ensuite bathroom with twin basins, and roller shutters
• 2 additional bedrooms, each big enough for a king-sized bed, and each with large built-in robes and sliding mirror doors
• Huge kitchen with tons of bench and storage space, large double door pantry, dishwasher, electric oven, and gas cooktop with range hood
• 2 large living areas - one at the front of the house and one to the rear joining onto the kitchen and dining area, and both with courtyard access via glass sliding doors
• Open plan office area upstairs in addition to the 3 bedrooms - the perfect space for working from home
• Second bathroom featuring toilet, vanity, shower and bath
• Downstairs powder room provides a further toilet (3 in total) and basin with mirror and cupboards
• Laundry with large sink, bench space, under bench cupboards and a further double door storage cupboard
• Ducted air conditioning throughout the house, built-in flued gas heater and premium insulation
• Security screen doors, deadbolts and key lockable windows throughout
• High ceilings and skirting boards throughout
• Tons of storage throughout the house in the large wardrobes, pantry, linen cupboard, laundry and bathroom cupboards and a big under stair storage area
• Covered upstairs balcony overlooking the natural bushland surrounding the TAFE and Central Park
• Paved outdoor courtyards at the front and rear, including low maintenance garden beds (with automatic reticulation in the rear courtyard)
• All major capital maintenance works have already been recently done:
• New carpet installed in 2022 (10 years warranty remaining)
• New kitchen benchtop installed in 2022 (lifetime warranty on workmanship)
• New air conditioning system installed in 2020
Studio Apartment:
• Newly constructed in mid 2016
• Separate bedroom big enough for a king size bed, with large built-in mirrored wardrobe
• Private balcony with partial views of Lake Joondalup
• Huge kitchen with tons of bench and storage space, big pantry, soft close cupboards and drawers, premium Delonghi oven, Blanco cooktop with range hood
• Reverse cycle air conditioning and premium insulation
• The bathroom features plenty of storage space and has room and facilities for both a washing machine and dryer
• Instantaneous hot water system with digital controller for precise temperature selection
• Private and secure entrance directly from the garage that is separate from the main townhouse
• The cantilevered design and construction meaning the front edge extends beyond the standard double garage footprint, resulting in a lot more living space than most apartments of this type in Joondalup and surrounds
• Large garage storage area underneath the stairs
• Digital antenna and easy connection to Foxtel
• Plenty of power outlets throughout
• Zero maintenance required - just lock up and leave if you need to
Other Property Features
• Good sized secure double garage with remote controlled automatic door accessible via the rear laneway
• Unlimited street parking available on Lakeside Drive and surrounding streets, with 3 parking permits issued by the City of Joondalup included
• Separate submeters for water, power and gas, so you can track all utility use and apportion charges accurately to each building / tenant
• The entire property has been fastidiously maintained and both buildings are ready to live in or rent out, with no further maintenance or capital works needed
• Property already has 2 fantastic, zero hassle tenants currently paying $815pw (Townhouse $495pw & Studio Apartment $320pw) on fixed term leases until September 2022 and wishing to stay on.
• The rents on both buildings have been rising rapidly and are expected to keep increasing due to a range of factors, making it a very sound and highly profitable investment
• Both the main townhouse and rear apartment have proven to be extremely attractive to tenants - neither has ever been vacant for more than a few days during each tenant changeover period since they were first rented in 2016
• This property is in the best location in central Joondalup - close to absolutely everything
• Opposite Joondalup TAFE, Edith Cowan University and the WA Police Academy
• 5 - 10 minute walk to restaurants, bars, shops and services in Joondalup CBD
• 10 minute walk to Joondalup train / bus station and Lakeside Shopping Centre
• 12 minute walk to Joondalup Health Campus
• 2 minute drive to the Mitchell Freeway
• 5 minute drive to Wanneroo Road
• The Joondalup CAT stops directly in front of the property for free bus transport throughout Joondalup city
• Lake Joondalup, Yellagonga Regional Park, Neil Hawkins Park and Central Park are all within 5 - 10 minute walk away
• 10 minute drive to the beach
• Rates & Taxes $2360.70 per year
• Built 2001
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
Property features
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Garages
2
Property snapshot by reiwa.com
This property at 136 Lakeside Drive, Joondalup is a four bedroom, three bathroom house sold by Lindsay King at Peard Real Estate on 17 Jun 2022.
Looking to buy a similar property in the area? View other four 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
$860k
Median
$745k
Low end
$647k
24.5 %
Annual growth
$745k
Annual median sales price
$650pw
Annual median rental price
