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Own your whole complex!
This full strata complex of 8 two bedroom apartments, freshly built (6 years young) is a brilliant entry into the highly sought after and privileged market of being the owner of “whole complexes”.
Returning well over $130,000pa with great tax deductions, depreciation and an extremely strong rental market, this property is already strata titled and built to a high standard. Aircon, stone benches, dishwasher etc.
Featuring quality finishes throughout, great private balconies and courtyards, All apartments are two bedroom with high levels of privacy and also feature under cover parking with full security and all situated on 845m2 of land.
A brilliant location so close to major shopping and business centers, both primary and secondary schools, freeway entries and so easy to access the city and beaches.
This is the ideal investment for self-managed superfunds, retirees, and families with the ability to purchase in multi-entities due to being strata titled. Average gross lettable area approx. 90m2. Great depreciation allowances still available, strong prospect for capital growth and optimal recurring cashflow.
Please view the attached 3D Matterport with typical floor plan and photographs.
Note: A full inspection of the property will be arranged only upon an offer to purchase being finalized all apartments present as per the 3D tour.
We are all Covid safe. Please respect and observe all current advice and regulations. Thank you look forward to seeing you there.
Property features
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Carports
1
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Floor area
88m2
Property snapshot by reiwa.com
This property at 36 Thorney Way, Balga is a two bedroom, one bathroom unit sold by Mark Hay at Mark Hay Realty Group on 27 Oct 2021.
Looking to buy a similar property in the area? View other two bedroom properties for sale in Balga or see other recently sold properties in Balga.
Cost breakdown
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Council rates: $11,274 / year
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Water rates: $7,729 / year
Nearby schools
Balga overview
Balga is northern suburb of Perth located in the City of Stirling. The name "Balga" was adopted in 1954 derived from the Aboriginal word for the indigenous grass tree Xanthorrhoea. Most dwellings in Balga are made of brick and tile, reflecting the period of development and while most residences are detached, there are some grouped dwellings and flats throughout the suburb.
Life in Balga
Balga contains numerous parks, sporting facilities and recreational reserves with the largest being Princess Wallington Reserve. Balga also contains two local shopping centres and several primary schools as well as Balga Senior High School and the North Metropolitan TAFE.
Balga quick stats
High end
$601k
Median
$552k
Low end
$509k
34.6 %
Annual growth
$552k
Annual median sales price
$620pw
Annual median rental price
