Sold
28/1 Cowra Drive, Newman WA 6753
Sold price: $185,000
Sold: 13 Aug 2024
Sold
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2 Bedrooms
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1 Bathroom
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1 Car
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Landsize 143m2
Unit
View
Under Offer by Crawford Realty
New 12 Month Lease / Solid Returns
The Cowra Drive units have always been excellent investments and very popular with tenants in the Newman leasing market which when combined with an investment under $200k really offer great value!
This unit has just secured a brand new 12 month lease at $425 pw and offers returns in the vicinity of 11.5%.
Being situated in the second row of the complex this unit has a larger spacious living area than others and offers great size practical kitchen, 2 bedrooms with bult in robes and a large combined bathroom / laundry.
Split system air conditioning and ceiling fans offers year round comfort with a brand new air conditioning unit just installed.
Outside the property offers a rear private courtyard, single carport with extra open parking bay and storeroom.
The location of these units are hard to beat being close to the Red Sands Tavern, a short walk to the new Newman Health Campus and the CBD area!
Be quick investments under $200k in Newman are becoming hard to find, especially low maintenance well located units.
For further information and inspections call The Newman Sales Team
Disclaimer:
Crawford Realty makes every effort to ensure the information provided on this property is deemed to be correct at the time of publishing. Any referenced return on investment is a gross return and is approximate. Prospective buyers should view the property before making their decision.
Property features
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Carports
1
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Floor area
71m2
Property snapshot by reiwa.com
This property at 28/1 Cowra Drive, Newman is a two bedroom, one bathroom unit sold by Casey Dwyer at Crawford Realty Newman on 13 Aug 2024.
Looking to buy a similar property in the area? View other two bedroom properties for sale in Newman or see other recently sold properties in Newman.
Cost breakdown
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Council rates: $3,205 / year
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Water rates: $735 / year
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Strata fees: $1,800 / quarter
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
