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BIG $47,840 Yearly Rental Return!
3-bedroom 2-bathroom apartment rented by rooms in the heart of Joondalup.
This fantastic investment is within walking distance of everything! Including -
• Lakeside Joondalup Shopping Centre (across the road)
• Joondalup Train and Bus Station (across the road)
• Joondalup Hospital
• Police Academy
• Edith Cowan University Joondalup Campus
• Cafés, restaurants and much more.
• Reap the rewards of this property from the day you purchase it with a huge $47,840 gross per year rental return.
ABOUT THE PROPERTY
* Master bedroom with WIR and bathroom with shower and toilet
* 2 other rooms with built-in double robes
* Another bathroom between rooms 2 & 3
* Family/dining and kitchen open space overlooking the verandah and parks
* Split system air conditioning to the main living
CURRENT LEASES
Bed 1 - $330 gross per week ($275 NET income)
Bed 2 - $285 gross per week ($230 NET income)
Bed 3 - $305 gross per week ($250 NET income)
$920 per week, $47,840 per year
or
$755 per week, $39,260 NET per year (handle the Amenities, which is Water, Gas, Electricity, Internet and Professional Cleaning every 6-8 weeks)
BONUS: ALL FURNITURE AND WHITE GOODS THAT ARE CURRENTLY IN THE HOUSE ARE INCLUDED IN THE SALE PRICE!!!
• Built in 2001
• Ground floor apartment
• 1 car spaces
• Access to complex amenities including pool, sauna and gym
• The council rates are $1,332.09 per annum
• The water rates are: $193.13 (2 months) = $1158.78 per annum
• Strata fees $1,142 per quarter
For more information or book the private viewing call Magda Grek on 0406 647 779
Details provided for this property is for information only and should not be taken as a representation in any respect on the part of the vendor or their agent. Prospective clients should make their own enquiries regarding the property or fixtures before entering into any Contract or Lease Agreement. All plans and measurements are approximate and not to scale.
Property features
-
Below ground pool
-
Air conditioned
-
Carports
1
-
Floor area
95m2
Property snapshot by reiwa.com
This property at 38/167 Grand Boulevard, Joondalup is a three bedroom, two bathroom apartment sold by Magda Grek at First Western Realty on 06 Oct 2025.
Looking to buy a similar property in the area? View other three bedroom properties for sale in Joondalup or see other recently sold properties in Joondalup.
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
$1.2m
Median
$992k
Low end
$873k
16.3 %
Annual growth
$992k
Annual median sales price
$750pw
Annual median rental price
