Sold
5/394 Hay Street, Somerville WA 6430
Sold price: $297,000
Sold: 01 Sep 2022
Sold
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2 Bedrooms
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2 Bathrooms
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2 Cars
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Landsize 185m2
Unit
View
Long-Term GROH Lease With Low Strata Fees
Perfect investor stock, if you are looking for a buy and earn type of property, read on.
This modern unit built in 2014 is already leased with a long-term rental arrangement. The location is ideal as it is only 5 minutes drive to the CBD and close to sporting grounds and Ampol Service Station and Convenience Store. All you need to do is buy and start earning.
• 2 Bedrooms with double built in robes
• 2 Bathrooms (both ensuite)
• Well equipped kitchen overlooking the meals & living area
• Ducted air-conditioning
• Natural gas
• Low maintenance courtyard
• Entertaining patio
• Double car port
• Secure complex with remote gates
The important investors numbers:
• Currently rented at $420.00 per week until January 2025
• $21,900 per year rent
• Regular annual rent reviews
• Further 12 months option for lease to January 2026
• Strata fees $292.86 per quarter which includes $25.00 into the reserve fund
• Council rates $2,002.34pa
• Water rates $260.00pa
If you would like to start the ball rolling to purchase this investment option, contact Iris Haynes or Kayla Neve today.
Property features
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Carports
2
Property snapshot by reiwa.com
This property at 5/394 Hay Street, Somerville is a two bedroom, two bathroom unit sold by Iris Haynes at John Matthew & Sons on 01 Sep 2022.
Looking to buy a similar property in the area? View other two bedroom properties for sale in Somerville or see other recently sold properties in Somerville.
Nearby schools
Somerville overview
Are you interested in buying, renting or investing in Somerville? Here at REIWA, we recognise that choosing the right suburb is not an easy choice.
To provide an understanding of the kind of lifestyle Somerville offers, we've collated all the relevant market information, key facts, demographics and statistics to help you make a confident and informed decision.
Our interactive map allows you to delve deeper into this suburb and locate points of interest like transport, schools and amenities.
Somerville quick stats
High end
$720k
Median
$524k
Low end
$422k
This listing
-0.7 %
Annual growth
$524k
Annual median sales price
$715pw
Annual median rental price
