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Location, location, location!
This little gem is just an absolutely fantastic entry level investment, first home or low maintenance downsizer. This tenanted investment is currently being leased out month by month so you can move in at settlement. Atlernatively, you can keep the rental going as the current tenants are very keen to sign up for another 12 month lease at $450 per week. This top level, compact apartment has 2 separate bedrooms with their own build in wardrobes and has a combined bathroom / laundry. The main living area has an open plan design that flows from the kitchen to the living room and onto the balcony. There is also an unallocated car space that comes with the apartment at the base of the complex. The house is freshly painted and has just had a new split system air installed.
The apartment is just situated on a side street coming off Beaufort St and is quite literally walking distance to all shops, cafes, restaurants, and bars that Mount Lawley has to offer. A stone's throw away from the Swan River, this perfectly placed for a professional or student being just 7 minutes’ drive or 16-minute train ride from Mount Lawley station to the city centre and only 4-minute drive to Edith Cowan University.
In it’s current condition, this property already attracts a positive rental return but a savvy investor could perform a quick kitchen and bathroom makeover and have a brilliant long term lease cash flow rental or Airbnb money spinner.
* Strata levies: $797 quartlerly and included building insurance
* The council rates were $1,455 this year.
* The strata fees are $797 per quarter and they cover building insurance.
* The water rates are approximately $150 every 2 months.
***** The current tenants will be happy to sign another 12 months lease for $450 per week. *****
Property snapshot by reiwa.com
This property at 21/33 Third Avenue, Mount Lawley is a two bedroom, one bathroom apartment sold by Alex Anderson at Chesswork Property on 14 Oct 2023.
Looking to buy a similar property in the area? View other two bedroom properties for sale in Mount Lawley or see other recently sold properties in Mount Lawley.
Nearby schools
Mount Lawley overview
Beautifully renovated homes populate the charming suburb of Mount Lawley. Leafy backdrops and picturesque landscapes offer a unique ambience, while a fast-paced, exciting main strip leaves no question as to whether Mount Lawley is an energetic urban locale. The suburb is situated five kilometres north of the Perth CBD.
Life in Mount Lawley
With Beaufort Street a fixture of the suburb, there is plenty to do in Mount Lawley. A must-see destination for locals and visitors alike, the vibrant street is loved for its surplus of restaurants, pubs, wine bars, shops and cafes. Highlights include The Flying Scotsman and Queens Tavern, which never fail to draw a crowd, and the Astor Theatre, which hosts a number of must-see acts that come through Perth. Other features include the Mount Lawley Golf Club, Mount Lawley Senior High School and Edith Cowan University.
Mount Lawley quick stats
High end
$1.9m
Median
$1.6m
Low end
$1.3m
24.0 %
Annual growth
$1.6m
Annual median sales price
$850pw
Annual median rental price
