Sold
6/35 Sherwood Street, Maylands WA 6051
Sold price: $320,000
Sold: 18 Sep 2024
Sold
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1 Bedroom
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1 Bathroom
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Landsize 2,023m2
Unit
View
GREAT UNIT IN SMALL GROUP OF SIX ON GROUND FLOOR & SIX FIRST FLOOR
UNDER OFFER! COMPLETELY RENOVATED TWO (2) YEARS AGO, NEW BATHROOM, NEW KITCHEN, LAUNDRY, PAINT THOUGHOUT AND HYBRID FLOORING (GODFREY HIRST QUALITY).
TERRIFIC LOCATION REAR OF DEVELOPMENT JUST STEPS FROM COVERED CAR PARK!
CURRENTLY RENTED UNTIL MARCH 2025 AT $390 PER WEEK. THIS EQUATES TO A GROSS RENTAL RETURN OF SEVEN (7%) PERCENT PER ANNUM.
BENEFITS
• TIGHTLY HELD UNITS
• MANY OWNER/OCCUPIED
• WELL, MAINTAINED PROPERTIES
• GOOD ACCESS TO SHOPPING CENTRES
• TRANSPORT ACCESS
• WELL LOCATED UNIT IN THE DEVELOPMENT (NEIGHBOUR ONE SIDE ONLY)
• STRONG INCOME PRODUCING ASSET
• GROUND FLOOR (NO STAIRS!)
FINANCIAL
• STRATA LEVIES $485 PER QTR (ADMIN)
• SINKING LEVY $50 PER QTR
RENTAL INCOME $390 PW (LEASE TILL MARCH 2025) GOOD TENANT
DON'T HESITATE THIS WON'T LAST
Property features
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Toilets
1
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Floor area
49m2
Property snapshot by reiwa.com
This property at 6/35 Sherwood Street, Maylands is a one bedroom, one bathroom unit sold by Greg Hunter at G Hunter & Associates on 18 Sep 2024.
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.
Cost breakdown
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Strata fees: $485 / quarter
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
$800k
Low end
$650k
10.3 %
Annual growth
$800k
Annual median sales price
$700pw
Annual median rental price
