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A set and forget investment opportunity
A well-located modern apartment with a fantastic price and a fixed-term tenancy agreement makes this the perfect opportunity for any savvy investor to add to their portfolio.
This apartment is within a secure, pet-friendly complex, with a single car bay and storeroom; it is not just the apartment but the proximity to all the amenities that make this a bulletproof investment.
Joondalup health campus, premium education and extensive shopping outlets are located within the city’s centre, surrounded by native parklands with lakeside walks to explore. The City of Joondalup also has Edith Cowan University, TAFE and the WA Police Academy, giving the investor an endless supply of tenants.
The total strata area is 79m², comprised of the apartment 51m², balcony 11m², parking 13m², and storage 4m².
Currently rented at $300 per week until 30th January 2023.
Strata levies are $490.30, and the reserve fund is $508.80 quarterly. Contact me for further information.
Council rates are $1037.24 per annum.
Water rates are $792.35 per annum.
Call to view or chat about how this investment opportunity could work for you.
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
Property features
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Garages
1
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Floor area
50m2
Property snapshot by reiwa.com
This property at 31/2 Molloy Promenade, Joondalup is a one bedroom, one bathroom apartment sold by Paul Turner at The Agency on 08 Nov 2022.
Looking to buy a similar property in the area? View other one bedroom properties for sale in Joondalup or see other recently sold properties in Joondalup.
Cost breakdown
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Council rates: $1,037 / year
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Water rates: $792 / year
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Strata fees: $2,150 / quarter
Nearby schools
Joondalup overview
Joondalup is the thriving urban centre of Perth's outer northern suburbs. The city is named after Lake Joondalup and the name Joondalup is a Noongar word, first recorded in 1837 and possibly meaning either "place of whiteness or glistening", or "place of a creature that can only move backwards".
Joondalup's development is relatively recent having only begun in the 1980s, where rapid growth occurred until 2006 and then steadied between 2006 and 2011 as fewer new homes and dwellings were built. Joondalup's 11 square kilometre land area is primarily used for housing and institutional purposes, with some industry sectors in the west and a commercial area in the suburbs centre.
Life in Joondalup
Joondalup's City Centre is relaxed and casual with an alluring combination of cultural, civic and commercial areas built on the edge of Lake Joondalup. Residents and visitors to the area have an array of restaurants and cafes to choose from, as well as a major shopping centre with over 240 stores and a cinema. There is a university in the area, as well as a private hospital and numerous recreational facilities like an aquatic centre, basketball stadium and an arena. Local schools in the suburb include Joondalup Primary School and Lake Joondalup Baptist College.
Joondalup quick stats
High end
$960k
Median
$793k
Low end
$700k
23.8 %
Annual growth
$793k
Annual median sales price
$635pw
Annual median rental price
