Sold
34/1 Cowra Drive, Newman WA 6753
Sold price: $193,500
Sold: 02 Sep 2024
Sold
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2 Bedrooms
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1 Bathroom
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2 Cars
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Landsize 143m2
Unit
View
Amazing 11.5% Return!
Investing doesn’t get much easier than this terrific two bedroom one bathroom property situated in an excellent location only a short distance from all of Newman’s essential services and a gross return of 11.5%!!
With a current lease in place at $440 p/w till 15 February 2025 and offering solid return of around 11.5%, the figures make as much sense as the location.
The property offers spacious living with a good size and practical kitchen, great size bedrooms with built in robes and a spacious bathroom. Outside includes a private alfresco area, single carport and extra parking space.
Further features include:
• Two bedroom one bathroom
• Very well maintained property
• Good size living areas
• Double built-in robes to each bedroom
• Quality carpet and tiling
• Split system air conditioning
• Easy to maintain with no lawns / gardens
• Great complex very well maintained
• Excellent location / handy to all major facilities
A terrific set and forget investment, the location and maintenance free nature of these properties are always popular in the Newman leasing market.
For further information and inspection 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
2
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Floor area
73m2
Property snapshot by reiwa.com
This property at 34/1 Cowra Drive, Newman is a two bedroom, one bathroom unit sold by Casey Dwyer at Crawford Realty Newman on 02 Sep 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: $2,200 / year
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Water rates: $730 / year
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Strata fees: $2,090 / 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
