Sold
49 Charles Street, Midland WA 6056
Sold price: $1,006,500
Sold: 28 Mar 2022
Sold
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2 Bedrooms
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1 Bathroom
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Landsize 1,012m2
House
View
GREEN TITLED CORNER LOT – 6 OCCUPIED UNITS
Situated on the corner of Charles and New Bond Street Midland and within 300 metres from the newly commenced Midland oval re-development project are these 6 brick and tile home units. There is a mixture of sizes and bedrooms with the units, with four being 1 bedroom and 1 bathroom units and the 2 remaining units being 2 bedrooms and one bathroom.
* Within 400 meters from commercial precinct
* 6 fully occupied units
* Income of approximately $67,000 per annum
* Ideal superannuation prospect
* Situated on 1012sqm corner lot
Better to have your money invested in bricks and mortar even in a lower than normal rental market. Set yourself for the long term here rental increases are bound to return and is well worth thinking for the SMSF investors as well. For other information on leases etc please contact me direct on the details provided..
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
Property features
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Floor area
292m2
Property snapshot by reiwa.com
This property at 49 Charles Street, Midland is a two bedroom, one bathroom house sold by Wayne Bacich at The Agency on 28 Mar 2022.
Looking to buy a similar property in the area? View other two bedroom properties for sale in Midland or see other recently sold properties in Midland.
Nearby schools
Midland overview
Midland is a mixed-use suburb with industrial, commercial and residential areas. It experienced its most substantial development period occurring during the post-war years. More recently, Midland experienced growth between 2001 and 2011 as new dwellings were added to the Midland Redevelopment Area, a State Government urban renewal project which commenced in 2000.
Life in Midland
Midland offers its residents a suburban environment with a good supply of commercial and recreational establishments. There are three shopping centres in the area, Midland Central Shopping Centre, Midland Gate Shopping Centre and Centrepoint Shopping Centre, plus a leisure centre, speed dome, sports complex, a skate park, town hall and arts centre. Other major establishments include Swan District Hospital, Polytechnic West Midland Campus and a number of schools. There is also plenty of open public space with parks, reserves, walk trails and ovals in abundance.
Midland quick stats
High end
$525k
Median
$456k
Low end
$400k
21.5 %
Annual growth
$456k
Annual median sales price
$500pw
Annual median rental price
