Sold
4/5 Trotman Avenue, Newman WA 6753
Sold price: $240,000
Sold: 19 Oct 2023
Sold
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1 Bedroom
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1 Bathroom
Apartment
View
Under Offer in 5 Days by Dave Rowe!
Modern Apartment / 11% Returns!
Rare opportunity to secure a modern furnished apartment in the heart of Newman and only a short walk to the center of town.
Currently on a corporate lease at $500 p/w to February 2024 the apartment offers strong returns around the 11% mark, with the current tenant being in place since 2019!
The upstairs apartment features open plan living, dining and kitchen which leads to an undercover balcony. The double sized bedroom offers large built in robe with mirrored doors and a great size ensuite bathroom.
As well as the covered patio area outside you have a single car bay and store room.
Further property features include:
- 1 Bedroom 1 Bathroom
- Good size living area for single / couple
- Practical kitchen with plenty of cupboard space
- Double size bedroom with ensuite
- Quality furnishings
- Hardwearing vinyl plan flooring
- Split system air conditioning throughout
- Covered balcony area
- Cary bay and storeroom
These apartments are always popular on the leasing market due to their location and easy maintenance free living, this is a great addition to any investment portfolio or a perfect investment starter!
For further information or inspections call Dave on 0400 313 566
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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Floor area
66m2
Property snapshot by reiwa.com
This property at 4/5 Trotman Avenue, Newman is a one bedroom, one bathroom apartment sold by Dave Rowe at Crawford Realty Newman on 19 Oct 2023.
Looking to buy a similar property in the area? View other one bedroom properties for sale in Newman or see other recently sold properties in Newman.
Cost breakdown
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Council rates: $1,700 / year
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Water rates: $730 / year
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Strata fees: $756 / 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
$413k
Median
$325k
Low end
$250k
-2.3 %
Annual growth
$325k
Annual median sales price
$575pw
Annual median rental price
