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Investment Opportunity: Secure High-Yield Asset!
Run don’t walk!
New to the market is this well-maintained brick 3 bedroom, 1 bathroom unit offering a remarkable gross rental yield of over 10%. Current rented for $450 per week with the option to increase to $475.00 after June 2024, this property not only promises a steady income but also a stable investment.
First home owners don’t be discouraged either with this affordable unit making the perfect option to get your foot into the competitive Kalgoorlie-Boulder market. Lease expires in June 2024.
Key Features:
- 3 Bedrooms with built in robes
- 1 bathroom with shower and bathtub separate
- Good sized kitchen
- Open plan living, dining & kitchen
- One allocated carport space
- 2 Garden Sheds
- Split system air conditioning in living area
- Evaporative air conditioning throughout
Have a look at the investment figures:
- Currently leased at $450 per week
- Updated rental appraisal $475 per week
- Over 9% gross rental yield
- Council rates $1,991.16pa
- Strata levy $730.80 pq (incl. sinking fund)
- Water rates $275.72 pa
The strata fees will pay for the building insurance, common gardening, common area repairs, gutters and downpipes and pest/vermin control as well as putting away money in a sinking fund for future repairs. Rest assured this is a well-managed complex.
This is a property that is sure not too last, speed dial Iris Haynes on 0420 471 461 to secure your viewing today.
Council rates: $1,991.16pa
Strata levy: $730.80pq
Water rates: $275.72pa
Property features
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Carports
1
Property snapshot by reiwa.com
This property at 5/1 Steel Place, Boulder is a three bedroom, one bathroom unit sold by Iris Haynes and Jesse Kyles at John Matthew & Sons on 27 Apr 2024.
Looking to buy a similar property in the area? View other three bedroom properties for sale in Boulder or see other recently sold properties in Boulder.
Nearby schools
Boulder overview
Boulder is a suburb in the Western Australian Goldfields 595 kilometres (370 mi) east of Perth and bordering onto the town of Kalgoorlie in the Eastern Goldfields region. Prior to 1989 Boulder was a town, but it was merged with Kalgoorlie to form the City of Kalgoorlie-Boulder.
Life in Boulder
Boulder is described as a vibrant and exciting city with country feels, with historical buildings scattered throughout both Boulder and Kalgoorlie. Located a short drive to the facilities in Kalgoorlie, Boulder has its own sports arena, train station, local IGA store, numerous parks and a primary school.
Boulder quick stats
High end
$372k
Median
$295k
Low end
$250k
2.6 %
Annual growth
$295k
Annual median sales price
$550pw
Annual median rental price
