Sold
51 Loton Avenue, Midland WA 6056
Sold price: $3,050,000
Sold: 22 Sep 2021
Sold
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19 Bedrooms
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12 Bathrooms
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12 Cars
House
View
Fantastic Investment in a Fantastic Location - 12 UNITS
51 Loton Avenue is a beautifully built 12 unit complex located in the continuously developing heart of Midland. These near new units have been leased consistently since the beginning due to their location, build quality and great finishes throughout making this is a safe investment for a savvy investor.
This complex is currently bringing in a rental income of $175,240 per year with multiple units still not up to market value just yet.
Please contact me directly for a unit by unit breakdown.
Features
• 6 x 2 Bedroom 1 Bathroom Units
• 6 x 1 Bedroom 1 Bathroom Units
• Gated complex
• All Airconditioned
• Well thought-out and functional floor plans
• Secure garage parking for each unit
• Visitor parking allocation and the front of the complex
• Unit 1 Furnished
Location doesn't get better than this
• Across the road(60 second walk/1 Minute Drive) to the Midland Gate Shopping Centre (Coles, Aldi, Kmart, JBHIFI, Woolworths, Chemist Warehouse, Optus and so much more)
• Surrounded by other shops in the Midland Shopping District all within a 2-3 minute drive (Harvey Norman, Spud shed, Red Dot, Supercheap Auto, Mechanics, Car Dealerships and so much more)
• A 4 minute drive to St John Of God Public and Private Hospital
• A 4 minute drive or bus ride to the Midland Train Station
Call Ronnie on 0481 962 880 for all enquires.
Property features
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Garages
12
Property snapshot by reiwa.com
This property at 51 Loton Avenue, Midland is a nineteen bedroom, twelve bathroom house sold by Ronnie Abboud at Professionals The Wright Team on 22 Sep 2021.
Looking to buy a similar property in the area? View other nineteen bedroom properties for sale in Midland or see other recently sold properties in Midland.
Nearby schools
Midland overview
Midland is a mixed-use suburb with industrial, commercial and residential areas. It experienced its most substantial development period occurring during the post-war years. More recently, Midland experienced growth between 2001 and 2011 as new dwellings were added to the Midland Redevelopment Area, a State Government urban renewal project which commenced in 2000.
Life in Midland
Midland offers its residents a suburban environment with a good supply of commercial and recreational establishments. There are three shopping centres in the area, Midland Central Shopping Centre, Midland Gate Shopping Centre and Centrepoint Shopping Centre, plus a leisure centre, speed dome, sports complex, a skate park, town hall and arts centre. Other major establishments include Swan District Hospital, Polytechnic West Midland Campus and a number of schools. There is also plenty of open public space with parks, reserves, walk trails and ovals in abundance.
Midland quick stats
High end
$480k
Median
$413k
Low end
$375k
12.6 %
Annual growth
$413k
Annual median sales price
$525pw
Annual median rental price
