Sold
25B Banyard Avenue, Kelmscott WA 6111
Sold price: $290,000
Sold: 23 Nov 2022
Sold
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3 Bedrooms
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2 Bathrooms
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2 Cars
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Landsize 194m2
House
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Fantastic NRAS Investment
Whether you're searching for your next investment or your first home this 3 bedroom villa is ideal. Sitting pretty among a well-maintained complex of 3 you'll be impressed by the standard of presentation inside and out.
Features:
-Spacious master bedrooms with built-in robe and ensuite,
- Separate bathroom
- Lounge opening to a kitchen and meals
- Private courtyard
- Separate laundry with external access to a small courtyard,
- Two more bedrooms, one with built in robes
- Secure double garage
- Currently rented under NRAS at $230/ week
- No Strata Fees
Council: $1850.25/annum| Water: $995.73/annum
Land Size: 194sqm | House size: 82sqm
The position is key to the value here: only 4 minutes walk to Kelmscott train station, walking distance to Stargate Shopping Centre, medical, schools, Westfield Park Reserve and many other local shops and restaurants.
The National Rental Affordability Scheme (‘NRAS’ or ‘the Scheme’) is an Australian Government affordable housing initiative, delivered in partnership with state and territory governments. Governments, the business sector and community organisations have recognised that housing affordability is an issue of significant community concern. The growing cost of housing is having an impact on the ability of many Australians to meet their financial commitments. The Scheme seeks to address the shortage of affordable rental housing by offering annual financial incentives for up to ten years, to rent dwellings for eligible NRAS tenants at 80 per cent or less of the market value rent.
NRAS investors are third parties that own the rental dwellings. They have a key stake in the Scheme as they can be beneficiaries of the NRAS incentive and may also participate in the Scheme as part of a consortium or trust. NRAS investors and approved participants generally enter into contractual arrangements where the approved participant manages compliance with the NRAS regulatory requirements and passes on all or part of the NRAS incentive to the NRAS investor.
Property features
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Garages
2
Property snapshot by reiwa.com
This property at 25B Banyard Avenue, Kelmscott is a three bedroom, two bathroom house sold by Team Habak at Inhabit Property on 23 Nov 2022.
Looking to buy a similar property in the area? View other three bedroom properties for sale in Kelmscott or see other recently sold properties in Kelmscott.
Nearby schools
Kelmscott overview
Kelmscott is a mixed-use residential, industrial, rural and commercial suburb located 25 kilometres southeast of Perth. The suburb was one of the very early towns established in the Swan River Colony and was named after Kelmscott, Oxfordshire, the birthplace of the first Anglican clergyman in the colony, Thomas Hobbes Scott (1783–1860). Established in 1830, Kelmscott's most rapid growth period was in the 1960s and 1970s.
Life in Kelmscott
Though close to the lively Armadale City Centre, Kelmscott is a quiet suburb nestled among the numerous parks and reserves that pepper its landscape. The Kelmscott Town Centre is the main commercial sector with the Kelmscott Plaza and Stargate Kelmscott Shopping Centre all located here. There is also a railway station and four local schools in Kelmscott.
Kelmscott quick stats
High end
$635k
Median
$560k
Low end
$500k
33.5 %
Annual growth
$560k
Annual median sales price
$592pw
Annual median rental price
