Sold
25A Knox Way, Newman WA 6753
Sold price: $295,000
Sold: 21 Aug 2024
Sold
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5 Bedrooms
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3 Bathrooms
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3 Cars
House
View
HAVE YOUR CAKE AND EAT IT TOO!
Are you looking for an exciting investment opportunity in Newman, WA? Look no further! This property located at 25A Knox Way is now available for sale. With 5 bedrooms, 3 bathrooms, a double garage, and 2 off-street parking spaces, this property offers ample space and comfort for potential buyers. The Ensuite bathroom, built-in wardrobes, air conditioning, garage, outdoor area, and undercover parking add to the appeal of this fantastic property.
Investors will be drawn to this property due to its excellent return on investment of 13.66% gross. The current rental income from the fully furnished 4-bedroom home with ensuite leased at $450 per week until April 2025 and the additional 1-bedroom unit rented at $325 per week until October 2024 make this a lucrative opportunity.
Property Features:
- Ensuite
- Built-in wardrobes
- Air conditioning
- Garage
- Outdoor area
- Undercover parking
Key Financial Details:
- Weekly rent: $775
Don't miss out on this incredible investment opportunity. Contact us today to arrange a viewing or find out more information.
Property features
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Garages
1
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Carports
2
Property snapshot by reiwa.com
This property at 25A Knox Way, Newman is a five bedroom, three bathroom house sold by Doug Shaw at Newman First National on 21 Aug 2024.
Looking to buy a similar property in the area? View other five bedroom properties for sale in Newman or see other recently sold properties in Newman.
Cost breakdown
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Council rates: $3,372 / year
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Water rates: $751 / year
Nearby schools
Newman overview
Newman is a mining company townsite in the Pilbara region, 1184 kilometres northeast of Perth. The townsite was gazetted in 1972 after the Mount Newman Mining company developed a large iron ore mine at Mount Whaleback. The townsite is named after the nearby Mount Newman, a 1055 meter high mountain in the Ophthalmia Range.
Mount Newman was named by the surveyor W F Rudall in 1896, "in honour of our late leader". Newman was Aubrey Woodward Newman, the original leader of the survey party carrying out surveys in the neighbourhood of the Ophthalmia Range in 1896. He contracted typhoid fever at Peak Hill and, too ill to continue, was later returned to Cue where he died on May 24th, 1896.
Newman quick stats
High end
$420k
Median
$329k
Low end
$270k
2.7 %
Annual growth
$329k
Annual median sales price
$685pw
Annual median rental price