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INVEST, NEST OR AIRBNB!!
An extremely unique proposition is at hand in this fabulous location residing within 5km from the Perth City centre. Surrounded by boutique cafes, Maylands Peninsula Primary School and the John Forrest College catchment area. This location is also dressed by the iconic Swan River making evening and day time outings a treat.
The Investment potential of this green title property is absolutely outstanding. With an Airbnb return over the 2023/24 financial year grossing over $100,000 in rental return, making this one of the best residential investments on the market competing with commercial returns.
But that's not all that's on offer. For the owner occupier, this beautifully appointed and styled home has had a 2022 renovation and ready to move straight in with not a thing to do. Offering 3 generous size bedrooms – 2 of which have large built in robes. The 2 bathrooms are both modern and well appointed maximising space and versatility with one bathroom accommodating the laundry.
The open plan living area will make you feel right at home with the newly renovated kitchen with stone benchtops, inbuilt dining booth and living area with French door access to the front courtyard.
The rear yard maximises the space available like no other. With an elevated deck area primed for entertaining and sheltered from the elements, whilst overlooking the manicured grassed area and garden below. This area also gives access to one of two storage areas on the property offering space for a handyman's workshop.
For the investor in the market, please feel free to request the profit and losses statement provided by the seller for the Airbnb.
Added features include
- Double under cover carport
- Custom integrated appliances in kitchen
- Low maintenance reticulated gardens
- Front and rear storage areas
- 2 x split system air conditioners
- Front and rear courtyards
- Master bedroom with French doors to private deck
- Furniture to be negotiated should the buyer desire
City of Bayswater - $2,370 p/a
Water Corporation - $1,017 p/a
Property features
Property snapshot by reiwa.com
This property at 50A Mephan Street, Maylands is a three bedroom, two bathroom house sold by Chadi Damouni at Bourkes on 21 Oct 2024.
Looking to buy a similar property in the area? View other three bedroom properties for sale in Maylands or see other recently sold properties in Maylands.
Cost breakdown
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Council rates: $2,370 / year
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Water rates: $1,017 / year
Nearby schools
Maylands overview
Maylands is a riverside inner-city suburb approximately 4.5 kilometres northeast of Perth, serviced by the Midland railway line on the northern bank of the Swan River. In 1896 the name "Maylands" was first used to identify the area, appearing on a poster advertising a land auction. However the exact reason how the area got its name is something of a mystery.
The suburb was once a source of clay for brick and tile making at Maylands Brickworks, and the pits from these activities are now part of a golf course and residential area. It was home to Perth's main airport until the early 1960s, and the facilities were converted to a training area for the Western Australian Police Service.
Life in Maylands
Maylands is known as a cultural and creative hub as it is home to The West Australian Ballet Centre and home to the WA Youth Jazz Orchestra. In recent years, new bars, cafés and restaurants, along with gourmet food and retail outlets have all contributed to an ongoing transformation of the town centre into a lively, diverse and inclusive destination. There are numerous shopping centres in the area, 15 parks and reserves and two primary schools.
Maylands quick stats
High end
$1.1m
Median
$860k
Low end
$661k
19.4 %
Annual growth
$860k
Annual median sales price
$695pw
Annual median rental price
