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Hidden gem with above 8% return!
A spectacular opportunity awaits the astute investor! This spacious and modest one bedroom apartment presents an opportunity that is surely too good to pass up. Currently tenanted until August 2023 and providing an estimated rental return of around 8%!
This top floor apartment located at 39/72 East Street is very desirable thanks to its open plan layout, which is inviting, having been decorated with a neutral colour palette and new LED lighting installed.
The kitchen has been modernised, with plenty of storage options and bench space. There is tiling in the wet areas and timber laminate in the main living spaces. The bathroom has also been modernised and is of a good size. The master bedroom is spacious with a floor to ceiling built in robe, and semi-ensuite.
There is also a smartly hidden European laundry for your convenience. As an added bonus, plantation shutters have been installed in the master bedroom and living!
The home enjoys plenty of natural light thanks to its North/East aspect drenching the apartment with the brilliant morning sun and natural light. There is also an enclosed balcony which has been made into a garden oasis, perfect to enjoy a morning coffee or tea with a good book to start the day.
Overall, a well presented home in a superb location with local parklands, shopping, and many public transport options available.
For more information, get in touch today!
Features of this property include:
*Top floor apartment
*Timber look flooring
*Good sized bedroom with built-in wardrobe
*Split system air-conditioning
*Security screen door
*LED lighting
*European laundry
*Plantation shutters
*Large 10 sqm enclosed balcony
*Parking for one car
*Short walk to public transport options
*Gibbney Reserve approximately 750m away
*Local Coles approximately 180m away
*Walking distance to Maylands Yacht Club approximately 900m away
*St John of God Mount Lawley Hospital approximately 2.2km away
Property features
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Carports
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Property snapshot by reiwa.com
This property at 39/72 East Street, Maylands is a one bedroom, one bathroom unit sold by Brad Katnich at Bellcourt Property Group South Perth on 20 Mar 2023.
Looking to buy a similar property in the area? View other one bedroom properties for sale in Maylands or see other recently sold properties in Maylands.
Nearby schools
Maylands overview
Maylands is a riverside inner-city suburb approximately 4.5 kilometres northeast of Perth, serviced by the Midland railway line on the northern bank of the Swan River. In 1896 the name "Maylands" was first used to identify the area, appearing on a poster advertising a land auction. However the exact reason how the area got its name is something of a mystery.
The suburb was once a source of clay for brick and tile making at Maylands Brickworks, and the pits from these activities are now part of a golf course and residential area. It was home to Perth's main airport until the early 1960s, and the facilities were converted to a training area for the Western Australian Police Service.
Life in Maylands
Maylands is known as a cultural and creative hub as it is home to The West Australian Ballet Centre and home to the WA Youth Jazz Orchestra. In recent years, new bars, cafés and restaurants, along with gourmet food and retail outlets have all contributed to an ongoing transformation of the town centre into a lively, diverse and inclusive destination. There are numerous shopping centres in the area, 15 parks and reserves and two primary schools.
Maylands quick stats
High end
$990k
Median
$760k
Low end
$589k
6.5 %
Annual growth
$760k
Annual median sales price
$650pw
Annual median rental price
