Sold
29 Banyard Avenue, Kelmscott WA 6111
Sold price: $640,000
Sold: 02 May 2022
Sold
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10 Bedrooms
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3 Bathrooms
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6 Cars
House
View
UNDER OFFER BY TRAVIS GROGAN
Set right in the heart of Kelmscott with easy access to Kelmscott Train Station, shopping centres and schools; this represents a rare opportunity to purchase blue chip real estate with an established business bringing in solid revenue.
THE BLOCK
The property is a total of 1371sqm and is zoned R25/60, meaning there are some very good options for the future of this property. With enormous road and rail works almost completed in the area, this location is set to be a popular spot for dense residential development.
THE DWELLINGS
There are two houses on the block, the front is a 5x2 and the back is a 5x1. The property has an approval in place to run a short-stay accommodation business with each room being rented independently - and the demand is HUGE! Many of the residents have been in the property long term, with the longest being 6 years! The total revenue sits around $70,000 PA (the going rate is $175-$200 per room, per week) and for serious buyers, the financials are available for inspection.
There is ample parking plus a large lawn area at the back and a shed.
WHAT NEXT?
If you would like more information, please hit the EMAIL AGENT section of this website and request an information memorandum and we will get in touch
Property features
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Garages
6
Property snapshot by reiwa.com
This property at 29 Banyard Avenue, Kelmscott is a ten bedroom, three bathroom house sold by Travis Grogan at O'Neil Real Estate on 02 May 2022.
Looking to buy a similar property in the area? View other ten 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
$550k
Median
$474k
Low end
$390k
27.4 %
Annual growth
$474k
Annual median sales price
$550pw
Annual median rental price
