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Low Maintenance Investment Entry to a BLUE CHIP Suburb!
Perfectly positioned in the heart of one of Perth's most popular inner-city suburbs, 15/29 Tenth Avenue presents an affordable entry into the Maylands market with an income already in place and plenty of potential for the future.
Located on the first floor, this roomy two-bedroom apartment offers a functional open-plan living, dining and kitchen area with room for plenty of furnishings as well as an updated bathroom with adjoining laundry. No need for a laundromat here!
Astute investors will realise that this home presents a unique opportunity to renovate to create something truly special to live in or sell as a flip.
In the meantime, the property is currently leased at $425 per week until 19 April 2027, providing immediate rental income from settlement with the existing tenancy continuing through to the end of the fixed term.
The location is the real standout. Maylands Train Station and the cafés, restaurants and shops of the Eighth Avenue and Whatley Crescent precincts are within easy walking distance, with Beaufort Street, Mount Lawley, the Swan River and Perth CBD all close by.
For investors looking for an established rental in a highly convenient location, or renovators prepared to play the longer game, this is an affordable Maylands opportunity with plenty still left to unlock.
FEATURES YOU'LL LOVE:
Approx. 56sqm internal living
Elevated position
Open-plan living and dining
Functional kitchen with electric cooking
Updated bathroom with internal laundry
Split-system air conditioning
Ceiling fan to living area
Private balcony
Allocated car bay
INFORMATION YOU'LL NEED:
Currently leased at $425 per week until 19 April 2027
Strata fees approx. $875 per quarter
WHATS NEARBY:
Maylands Train Station
Beaufort Street / Railway Parade lifestyle strips
Mt Lawley Hospital
Perth CBD / Perth Airport
Parks / Rec. Centres
Morley Galleria (Re-opening 2027)
Property features
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Carports
1
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Floor area
55m2
Property snapshot by reiwa.com
This property at 15/29 Tenth Avenue, Maylands is a two bedroom, one bathroom house listed for sale by Almog Marom and Jordan Colangelo at Harcourts Initiative.
For more information about Maylands, including sales data, facts, growth rates, nearby transport and nearby shops, please view our Maylands profile page.
If you would like to get in touch with Almog Marom or Jordan Colangelo regarding 15/29 Tenth Avenue, Maylands, please call Almog on 0415 179 215 or call Jordan on 0478 354 983, or contact the agent via email.
Cost breakdown
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Council rates: $1,835 / year
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.Â
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.Â
Maylands quick stats
High end
$1.5m
Median
$1.2m
Low end
$983k
21.4 %
Annual growth
$1.2m
Annual median sales price
$692pw
Annual median rental price
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