Sold
22/237 Cambridge Street, Wembley WA 6014
Listed price: From $395,000
Sold: 12 Nov 2024
Sold
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2 Bedrooms
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1 Bathroom
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1 Car
Unit
View
ENTRY LEVEL UNIT RIPE FOR A REFRESH
Waiting for the right opportunity to escape the rental treadmill or invest? This unit is not only in an outstanding location, but it’s being sold in original condition making it a lucrative choice for astute homebuyers & investors who know a golden opportunity when they see one. Other owners in the complex have reaped the benefits & now you can too.
The apartment is located in ‘The Willows’, a 3-storey complex of 33 that’s been recently repainted & is beautifully maintained with brick paved pathways meandering through established tropical gardens & a sparkling pool for use by residents & guests. The gated complex is also private from the street & offers remote control entry to a secure undercover parking space for peace of mind. And what a location!
- 5-minute walk to bustling Subiaco; bus on doorstep; 800m to train station
- Minutes to a variety of eateries, shopping precincts & local hotspots
- Close to St John of God Hospital, Bob Hawke College, Perth Modern School
- 800m to Lake Monger Reserve; minutes to the CBD
- Original mid-80s condition & décor – a perfect candidate for a total refurb
- Be inspired by what other owners have done to their apartments to see the potential
- Spacious interior, built-in robes to both bedrooms, bathroom/laundry combo
- Private balcony accessible through glass & screened sliding doors
- Fantastic ROI for investors + an instant rental market with the hospital so close
- Estimated rental return in existing condition of $400 pw
Council Rates: $1,550.00pa
Water Rates: $1,050.00pa
Strata Fees: $680pqtr
Property features
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Below ground pool
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Garages
1
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Toilets
1
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Balcony
Property snapshot by reiwa.com
This property at 22/237 Cambridge Street, Wembley is a two bedroom, one bathroom unit sold by Shelley Clayton and Mark Clayton at Shelmark Real Estate on 12 Nov 2024.
Looking to buy a similar property in the area? View other two bedroom properties for sale in Wembley or see other recently sold properties in Wembley.
Cost breakdown
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Council rates: $1,550 / year
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Water rates: $1,050 / year
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Strata fees: $680 / quarter
Nearby schools
Wembley overview
Wembley is a large western-suburb of Perth. Established in 1831, Wembley's key population growth occurred between 1910 and 1930, and again in the post-war years. More recently, Wembley has experienced gradual increases since the mid-1990s as new homes have been added to the suburb.
Life in Wembley
Numerous recreational facilities and clubs add great lifestyle appeal to the suburb, with squash, t-ball, tennis, netball, football, athletics, baseball, lacrosse and hockey all catered for. Lake Monger is a much loved feature, providing lovely walk ways and beautiful scenery to those who visit, while The Wembley Hotel is a popular pub that never fails to draw a crowd. Cambridge Street is the suburbs most urban fixture, with numerous pubs and restaurants lining the street. There are three local schools in Wembley.
Wembley quick stats
High end
$2.1m
Median
$1.7m
Low end
$1.3m
This listing
15.9 %
Annual growth
$1.7m
Annual median sales price
$850pw
Annual median rental price
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