Sold
5/16 Gwenyfred Road, Kensington WA 6151
Sold price: $410,000
Sold: 30 Aug 2024
Sold
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2 Bedrooms
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1 Bathroom
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1 Car
Apartment
View
UNDER CONTRACT
DECEASED ESTATE – MUST BE SOLD
Introducing 5/16 Gwenyfred Rd, , available exclusively through Lee Smith & Bourkes Property. This is your opportunity in a market saturated with renovated properties to acquire a home in original condition that's ripe for improvement. The home, while needing some TLC, presents you with a rare chance to acquire a property under market value.
This lock & leave, ground floor, two-bed unit in a boutique group offers its new owner a fantastic entry level opportunity in Kensington. Conveniently located near the Swan River, Kensington Primary School, bus routes, a stone's throw from South Perth & Victoria Park's Hospitality precinct, this one will not last!
Whether starting up, slowing down, seeking a Perth base, or investing for the future, this one makes perfect dollars and sense!
Other features include:
– Currently vacant with the possibility of early possession prior to settlement
– Rental potential of up to $650/wk (once renovated)
– Video tour available on file for interstate buyers
– Own internal laundry area with rear access
– Separate toilet
– Covered car bay, with additional street parking available
– Large master bedroom with built in robe
– Reverse cycle air-conditioning to Living/Dining area
– In demand central location making it the perfect investment
The location:
– 400m walk to Swan River
– 1.5 km walk to Victoria Park Cafe and Restaurant strip
– 5-minute drive to Crown Entertainment Complex
– 6-minute drive to Perth CBD
– 15-minute drive to Perth Airport
Properties at this price point in Kensington are at a record high demand, so don't miss out on this exceptional opportunity.
To organise a private inspection contact Lee Smith at Bourkes Property today on 0447 843 345 or [email protected]
City of South Perth | $1,778 p/a
Water Corporation | $943 p/a
Strata | $655 p/qtr (admin & reserve)
Property features
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Carports
1
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Floor area
67m2
Property snapshot by reiwa.com
This property at 5/16 Gwenyfred Road, Kensington is a two bedroom, one bathroom apartment sold by Lee Smith at Bourkes on 30 Aug 2024.
Looking to buy a similar property in the area? View other two bedroom properties for sale in Kensington or see other recently sold properties in Kensington.
Cost breakdown
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Council rates: $1,778 / year
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Water rates: $943 / year
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Strata fees: $535 / quarter
Nearby schools
Kensington overview
Kensington is a small suburb bound by South Terrace in the south and Canning Highway in the west. Developed in the post-war years, the suburb was named after the former Kensington Park Racecourse, which was most likely named after William Samuel Cox's Kensington Park Racecourse, in Melbourne. It is in a convenient location close to a number of inner-city urban hubs and just a few kilometres from Perth City.
Life in Kensington
A number of parks and reserves dominate the Kensington landscape providing plenty of scenic vistas and open public space for locals to explore. The retail and amenity requirements of residents are largely serviced by establishments in surrounding areas, however there is one supermarket within the suburb. Kensington borders Perth's Technology Park, is close to Curtin University and features one local school, Kensington Primary School.
Kensington quick stats
High end
$1.6m
Median
$1.3m
Low end
$1.1m
9.3 %
Annual growth
$1.3m
Annual median sales price
$790pw
Annual median rental price
