42/12 Wall Street, Maylands WA 6051

Welcome home to this extraordinary rooftop apartment in the heart of Maylands, where stunning city views meet comfort and convenience. This excellent apartment was built in 1973 and features two bedrooms, one bathroom, an internal laundry and your own private balcony, offering the perfect blend of functionality and style. Enjoy the light-filled living space adorned with stylish orange floor tiling, large windows that frame glimpses of the Perth City skyline. The highlight of this property is the balcony, providing elevated views towards both the City and Swan River, ideal for soaking in the picturesque surrounds. Currently leased until February 2025, this property presents an excellent opportunity for a patient owner occupier or an eager investor seeking rental income from day one! Embrace the Maylands lifestyle, just moments away from trendy cafes, eateries, bars, and the stunning Maylands Foreshore. Don't miss your chance to own a piece of Maylands' vibrant community!

Property Highlights:
- Two bedroom, one bathroom unit built in 1973
- Total floor space of 81 square metres
- Large windows
- Views to Perth City
- Private Balcony
- Retro stylings, but presented well!
- Internal laundry and bathroom
- Excellent location in Maylands, extremely walkable

Investor Summary:
- This property is currently leased at $400 per week until February 2025
- Market rent for 42/12 Wall Street is approximately $500 per week
- Strata Levies are approximately $1,165 per quarter
- Based on a purchase price of $380,000 and market rent, the gross annual rental yield is 6.86%
- HouseSmart Real Estate is highly active in Maylands and the surrounding areas, and can provide high quality property management services throughout settlement and beyond!

Approaching this property, you will notice it's accessible from Peninsula Road, with access off Wall Street leading to “The Loft” apartments. True to its name, “The Loft” provides elevated balcony and window views across the nearby area, extending over the Swan River and to the Perth CBD. Park inside your own dedicated car bay (undercover) at the base of the building. Stepping inside the home, walk across a lively terracotta orange colour tile floor framed by white walls, which brings a summer feeling to the unit even during winter!

Picture hosting family and friends in a living area with a large triple glass window/sliding door that draws natural light into the home and allows for lovely framing of the Perth City skyline. This space is kept comfortable via a split cycle air conditioner. Open up the large glass sliding door to step onto your private balcony.

Entertain with ease in a kitchen with a large double window that allows natural light and provides excellent views. This preparation area is well served by a U-shaped white benchtop. There is also a white splashback tile behind the benchtop. From the built-in electric oven to the metal sink, everything is positioned to make mealtimes special. Plus there is plenty of cupboard storage, and the kitchen is accessible from the main living space.

Entering the bedrooms, you will find carpet flooring and large windows ensuring comfortable living. The bathroom is a valuable and well designed space, which incorporates an internal laundry set up. The bathroom features space for multiple washing machines, a combined bath and shower unit, and a separate bathroom vanity and laundry sink!

Enter the sunshine on your own private balcony, and you will find yourself at rooftop level, with expansive city views. This is a real highlight of the property!

Maylands is known for its creative, diverse, and friendly atmosphere. Easily access the vibrant arts community, live music, public art, and laneway festivals. Extremely walkable, you will find cafes, bars, community facilities, the Swan River and plenty of shops right nearby. Maylands is displays a beautiful blend of colonial heritage with modern offerings, featuring bespoke retail shops and art murals, and is known for its historic architecture. Peninsula Farm, a heritage building on the Maylands Peninsula, is accessible with just a short walk from this Unit, and is one of the few remaining structures from the early pioneers of the Swan River colony.

You are a short walk from the Swan River and the popular Peninsula Farm Cafe. This apartment is nearby multiple green spaces including Hessy Reserve and the Maylands Foreshore. Local schools include Maylands Peninsula Primary School and Bayswater Primary School. Public transport can be found via buses along Peninsula Road and Guildford Road, with the nearest train station being Maylands Train Station. A quick 10-minute drive leads into the city, further enhancing the property's accessibility.

Contact our team today to view the property or to make an offer!