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MASSIVE $73,060 yearly rental return
EXPRESSIONS OF INTEREST ENDING 25/4/2022
Please contact us to book your private inspection
6 bedroom 5 bathroom main house with a completely separate 2 bedroom 1 bathroom studio above the 2 car lock up garage
This unreal investment is walking distance to everything! Including the Edith Cowan University Joondalup campus, Police Academy, Joondalup Train Station, Joondalup Hospital, Lakeside Joondalup Shopping Centre, community amenities and more
WHAT ARE YOUR OPTIONS?
-Reap the rewards of this property from the day you purchase it with a huge $73,060 per year rental return
-Live in the main 6 bedroom 5 bathroom house and rent out the separate 2 bedroom 1 bathroom studio for over $16,640 per year
-Live in the 2 bedroom 1 bathroom studio and rent out the main house for $56,056 per year
-Convert the studio to a perfect teenagers retreat or home office
-Big families? Or live in parents? Take advantage of the entire 8 bedroom 6 bathroom property and live in the same home without ever needing to cross over
ABOUT THE PROPERTY
Main house
4 upstairs bedrooms each boasting private en suites
2 additional downstairs bedrooms which share a seperate ensuite and seperate powder room toilet.
Studio is completely separate with private entrance and it located over the double garage complete with 2 bedrooms, 1 bathroom.
CURRENT LEASES
Studio - $320 per week, lease ending 2/6/22
1 - $175 per week, periodical, tenant has been there since 8/9/20
2 - $185 per week, lease ending 12/8/22
3 - $185 per week, lease ending 14/6/22
4 - $195 per week, lease ending 1/6/22
5 - $170 per week, lease ending 4/9/22
6 - $175 per week, lease ending 21/7/22
$1405 per week, $73,060 before expenses.
All tenants except room 5 have been there for over 2 years.
INFORMATION YOU'LL NEED
Council Rates - $2,784 per/year
Gas rates - $1,161 per/year
Water Rates - $1,509.12 per/year
Water Usage - $1,299.63 per/year
Electricity Rates - $349 per/year
Electricity Usages - $3,116 per/year
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
Property features
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Garages
2
Property snapshot by reiwa.com
This property at 53B Lakeside Drive, Joondalup is a eight bedroom, six bathroom house sold by Paul Tonich & Corey Adamson Team at The Agency on 20 Jun 2022.
Looking to buy a similar property in the area? View other eight 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
$860k
Median
$745k
Low end
$647k
24.5 %
Annual growth
$745k
Annual median sales price
$650pw
Annual median rental price
