Sold
52/8 Kathleen Avenue, Maylands WA 6051
Sold price: $170,000
Sold: 21 Apr 2023
Sold
-
1 Bedroom
-
1 Bathroom
Apartment
View
CHEAP AND CHEERFUL
With a previously renovated kitchen and bathroom, a private balcony, gas cooking, and it’s own allocated under cover car bay, this is a great rental or an extremely affordable first home. Snap it up now while you still can!
Currently tenanted on a periodic basis at a discounted rent to the current tenants, the unit does represent an opportunity to obtain a fantastic rental return at current market rates (we estimate to be around $320 per week).
The Kathleen Apartments complex is a well kept and attractive low rise unit block with full security fencing and an automatic gate to the car park. It’s also very well located approximately halfway between Mayland’s Café strip, Mayland’s Train Station and the river.
Features at a Glance:
• 1 Bedroom 1 Bathroom 1 Balcony 1 Carbay
• 47m2 on strata plan
• Previously renovated kitchen & bathroom (some TLC now required)
• Central location close to shops/river/public transport. Around 300m to the nearest bus stop, around 650m to Swan River parkland reserve, 1km to Maylands Peninsula Public Golf Course, 1.2kms to Maylands Train Station & Café Strip and around 5kms to the City Centre.
• Strong potential rent of around $320/week (however currently tenanted on a periodic basis at $220 per week)
• Strata Admin Fee $645/qtr + Strata Reserve $115/qtr = $760/qtr
• Council Rates: $1,572 p.a. Water Rates: $716 p.a.
Property snapshot by reiwa.com
This property at 52/8 Kathleen Avenue, Maylands is a one bedroom, one bathroom apartment sold by Steve Lorrimar at NTY Property Group on 21 Apr 2023.
Looking to buy a similar property in the area? View other one bedroom properties for sale in Maylands or see other recently sold properties in Maylands.
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
$990k
Median
$760k
Low end
$589k
6.5 %
Annual growth
$760k
Annual median sales price
$650pw
Annual median rental price
