Sold
31/1 Cowra Drive, Newman WA 6753
Sold price: $188,000
Sold: 16 Jan 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
GREAT INVESTMENT WITH GROSS ROI OVER 11%
This 2 bedroom unit is leased at $420 per week until September 2024. Features include a spacious open-plan living area with split system air conditioning keeping your tenants comfortable all year round. New, easy care timber look vinyl flooring in the main living areas enhances the appeal of this property.
Features at a glance:
• Two-bedroom, one bathroom single level brick unit
• Split system air conditioning for optimal comfort
• Open-plan kitchen, dining and lounge room
• Tiled kitchen with new easy care flooring in main living area
• Single vehicle carport plus an additional car parking bay
• Private, paved, and fenced rear courtyard
If you've been looking for a solid, low-risk investment to kick-start or expand your property portfolio, this property is your answer.
Council Rates : $1908 PA
Water Rates : $733.65 PA
Strata Fees : $1787.58 PA
Reserve Fund : $137.52 PA
Call us today on 0402 851853 to arrange a viewing. Your wealth creation journey awaits.
Property features
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Carports
1
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Floor area
74m2
Property snapshot by reiwa.com
This property at 31/1 Cowra Drive, Newman is a two bedroom, one bathroom unit sold by Doug Shaw at Newman First National on 16 Jan 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: $1,908 / year
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Water rates: $733 / year
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Strata fees: $1,787 / 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
$326k
Low end
$260k
-0.3 %
Annual growth
$326k
Annual median sales price
$700pw
Annual median rental price