Sold
40A Barding Loop, Kununurra WA 6743
Sold price: $665,000
Sold: 28 Mar 2024
Sold
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4 Bedrooms
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2 Bathrooms
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1 Car
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Landsize 547m2
House
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Govt Lease - Brad's Investor Pick for Feb 2026!!!
If you are looking for an investment property with a market leading return, a long govt lease and a solid rental history - look no further. This exec 4x2 home has been leased to WA Government since 2008 and has a current lease term until 2028.
Changes in circumstances mean the owner must sell, and offers are invited for a limited time.
The opportunity offers an impressive return with the current rent of $1100 per week. Similar properties have been selling last 6 months at between 7.5% and 8.5% ROI, or $600,000 to $660,000. Accordingly, we expect this to sell well above $600,000.
The home has been professionally managed since new, is well maintained and in good condition with recent upgrades including new security doors and a new oven within the last 12 months.
Tiled throughout with split-system air conditioning and ceiling fans for comfort in the Kimberley climate, the home features neutral tones, modern finishes, and a practical layout with a spacious open-plan living area, well-appointed kitchen, and covered outdoor entertainment area, all of which support its ongoing viability as a solid residential investment.
Offers are invited for a limited time, so express your interest today.
Property features
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Carports
1
Property snapshot by reiwa.com
This property at 40A Barding Loop, Kununurra is a four bedroom, two bathroom house sold by Brad Williams and Sarah Williams at Kimberley First National Real Estate on 28 Mar 2024.
Looking to buy a similar property in the area? View other four bedroom properties for sale in Kununurra or see other recently sold properties in Kununurra.
Nearby schools
Kununurra overview
The townsite of Kununurra is located in the Kimberley region in the extreme northeast of the state, 3214 kilometres from Perth. When the Ord River Irrigation scheme was being planned in the 1950s a townsite was included in the proposed development. Amongst other submissions of Aboriginal names put forward for the new townsite being created in the vicinity of the Ord River Dam was "Cununurra", said to mean "black soil" and to be the Aboriginal name for the Ord River according to Mary Durack. A Mr. Lewis of the Public Works Department reported that a soil survey undertaken in 1954 had disclosed that 99 per cent of the land to be irrigated from the dam was composed of "cununurra clay". This name was not favoured by the Postmaster-General's Department because of its similarity to place names in Queensland, New South Wales and South Australia. However, to compromise, that department suggested adopting the spelling, "Kununurra", this version being approved in March 1960. The townsite was gazetted in 1961.
Kununurra quick stats
High end
$643k
Median
$518k
Low end
$380k
19.0 %
Annual growth
$518k
Annual median sales price
$880pw
Annual median rental price
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