320/2 Rutland Avenue, Lathlain WA 6100

Strong Rental Yield - Modern Unit in Amenities-Filled Complex with Prime Location

Welcome to this lovely one-bedroom, one-bathroom unit in an amazingly central location. Built in 2016, this unit enjoys a 78 square metre lot size and a total internal floor space of approximately 51 square metres. With beautiful modern design and desirable internal features - split system air conditioning, downlighting, and mirrored built in robes, just to name a few - this unit has everything you need to create a cosy home. The complex itself also has many amenities, such as a rooftop lounge and BBQ facilities. Currently tenanted on a periodic lease for $350 per week ($420 per week from Jan 2024 onwards), this home is perfect for an investor seeking rental return from day one, or an owner occupier looking for a low-maintenance lifestyle!

Property Highlights include:
- One-bedroom, one-bathroom unit built in 2016
- 78 square metres of total lot size
- Internal floorspace of approximately 51 square metres
- Balcony with views over surrounding area
- Split cycle air conditioning
- Stylish modern features
- Timber flooring
- Sensational strata amenities including gym and rooftop barbecue/terrace, city views
- Modern electric oven

Investor Summary:
- This property is currently tenanted on a periodic basis for $350 per week
- Market rent for 320/2 Rutland Avenue is approximately $420 per week (the tenant will be paying this amount from Jan 2024 onwards)
- Using a rent of $420 per week and the asking price, this property boasts a great gross annual rental yield of 7.26%
- HouseSmart Real Estate is highly active in Lathlain and the surrounding areas, and can provide high-quality property management services throughout the course of the sale and beyond.

Step inside this excellent unit and enjoy beautiful timber flooring that spans all the way across the kitchen area, living and dining space, through to the balcony and bedrooms. The space is bright and welcoming with LED downlights, as well as a large window with soft-draw curtains which assist in maximising natural light.

The kitchen space is designed around an L shape with stone benchtops, a huge amount of storage and pantry space, a built in electric oven and stovetop, double sink and sleek splashback flanking the whole benchtop. The space here is connected freely to the dining and lounge area with an open plan design.

The bedroom enjoys thick carpet flooring, tall ceilings, an ensuite bathroom, and direct private access to the balcony. This glass door to the balcony draws excellent warmth and natural light into the room too! The ensuite bathroom here is modern and stylish with full height tiling, stone benchtops, a glass walled shower with brown feature tilework, and a toilet.

The balcony is absolutely fantastic – a proper and usable space just waiting to be filled with potplants or a table and chairs. There’s glass panel fence enclosing the balcony, tile flooring and a drainage point too. The balcony has views over the Red Castle that the complex is named for.

Fantastic strata features for this property include a storage room, a pet friendly building, allocated car park for the unit as well as visitor parking for the complex, a sensational rooftop barbecue, and community area with rooftop terrace views over Perth.

This home is located in north western Lathlain, and is well connected with transport links and popular local community destinations. For public transport – Burswood Train Station and Victoria Park Station area nearby, and there are buses along Great Eastern Highway. For commuters – it’s a swift dash into the city along Orrong Road, and Great Eastern Highway can take you through east and west. Nearby shopping can be done at shops along Albany Highway in Victoria Park, or in the popular Belmont Forum. Schools in close proximity include Perth Montessori School, Lathlain Primary School, St Augustine’s Primary School and Trinity College.

Don’t miss out on this home!

Council Rates: Town of Victoria Park – Approximately $1500 per year
Water Rates: Approximately $1000 per year
Strata Levies: Approximately $684 per quarter
Market Rent: Currently leased at $350 per week – market rent approximately $450 per week