Sold
5 Portwood Cross, Joondalup WA 6027
Sold price: $980,000
Sold: 09 Jul 2024
Sold
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6 Bedrooms
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4 Bathrooms
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2 Cars
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Landsize 172m2
House
View
MASSIVE $ 94,640 yearly rental return!
5-bedroom 3-bathroom main house with a completely separate
1 bedroom 1 bathroom + kitchen STUDIO above garage.
This fantastic investment is within walking distance to everything! Including -
• Edith Cowan University Joondalup Campus
• Police Academy
• Joondalup Train and Bus Station
• Joondalup Hospital
• Lakeside Joondalup Shopping Centre
• Cafés, restaurants and much more.
WHAT ARE YOUR OPTIONS?
• Reap the rewards of this property from the day you purchase it with a huge $ $94,640 gross per year rental return.
OR
• Live in the 1 bedroom 1 bathroom studio and rent out the main house for $71,500 Gross per year
ABOUT THE PROPERTY
MAIN HOUSE - 2 bedrooms downstairs with 1 shared bathroom with shower and toilet, big living/dining and kitchen open space.
On the first floor you have 3 bedrooms which is one master bedroom with WIR and ensuite
2 other bedrooms share 1 bathroom with double vanity, bath, shower and separate toilet
STUDIO - is completely separate with private entrance and located over the double garage complete with a living area, fully equipped kitchen, generous size bedroom and 1 bathroom / laundry.
CURRENT LEASES
Studio - $445 gross per week ($390 NET income)
Bed 1 - $320 gross per week ($265 NET income)
Bed 2 - $285 gross per week ($230 NET income)
Bed 3 - $285 gross per week ($230 NET income)
Bed 4 - $275 gross per week ($220 NET income)
Bed 5 - $210 gross per week ($155 NET income)
$1,820 per week, $94,640 GROSS per year
or
$1,490 per week, $77,480 NET per year (handle the Amenities which is Water, Gas, Electricity, Internet and Professional Cleaning every 6-8 weeks)
BONUS:
NOTE: ALL FURNITURE THAT IS CURRENTLY IN THE HOUSE IS INCLUDED IN THE SALE PRICE!!!
For further details or an inspection, please contact Magda Grek on 0406 647 779
Details provided for this property is for information only and should not be taken as a representation in any respect on the part of the vendor or their agent. Prospective clients should make their own enquiries regarding the property or fixtures before entering into any Contract or Lease Agreement. All plans and measurements are approximate and not to scale.
Property features
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Garages
2
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Floor area
192m2
Property snapshot by reiwa.com
This property at 5 Portwood Cross, Joondalup is a six bedroom, four bathroom house sold by Magda Grek at First Western Realty on 09 Jul 2024.
Looking to buy a similar property in the area? View other six bedroom properties for sale in Joondalup or see other recently sold properties in Joondalup.
Nearby schools
Joondalup overview
Joondalup is the thriving urban centre of Perth's outer northern suburbs. The city is named after Lake Joondalup and the name Joondalup is a Noongar word, first recorded in 1837 and possibly meaning either "place of whiteness or glistening", or "place of a creature that can only move backwards".
Joondalup's development is relatively recent having only begun in the 1980s, where rapid growth occurred until 2006 and then steadied between 2006 and 2011 as fewer new homes and dwellings were built. Joondalup's 11 square kilometre land area is primarily used for housing and institutional purposes, with some industry sectors in the west and a commercial area in the suburbs centre.
Life in Joondalup
Joondalup's City Centre is relaxed and casual with an alluring combination of cultural, civic and commercial areas built on the edge of Lake Joondalup. Residents and visitors to the area have an array of restaurants and cafes to choose from, as well as a major shopping centre with over 240 stores and a cinema. There is a university in the area, as well as a private hospital and numerous recreational facilities like an aquatic centre, basketball stadium and an arena. Local schools in the suburb include Joondalup Primary School and Lake Joondalup Baptist College.
Joondalup quick stats
High end
$958k
Median
$800k
Low end
$700k
25.0 %
Annual growth
$800k
Annual median sales price
$635pw
Annual median rental price
