Sold
7/23 Mclennan Drive, Newman WA 6753
Sold price: $216,500
Sold: 24 Jan 2024
Sold
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3 Bedrooms
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1 Bathroom
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1 Car
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Landsize 212m2
Unit
View
Another Under Offer by Dave Rowe
Easy Investment / Popular Complex!
Well maintained unit in very popular complex that offers investors a low entry price point for a 3 bedroom investment and a great opportunity for increasing returns and capital growth over the coming years.
The property is currently leased at $445 p/w till the 11 February 2024 and offers a very solid return at the 10.5% mark.
The property itself offers bright and spacious living areas, great size master bedroom offering walk in robe and semi ensuite into the bathroom. The minor bedrooms are all good size with one having a built in robe.
Further features include:
• Spacious separate lounge area
• Large dining / kitchen area
• Practical kitchen with good cupboard space
• Unique bathroom with shower/bath separate from WC and vanity
• Semi ensuite from master which also has large walk in robe
• Great size minor bedrooms
• Easy care vinyl flooring in living areas and carpet in bedrooms
• Split system air conditioning
• Parking for 2 cars in tandem
• Paved alfresco area and garden shed
• Excellent well maintained and popular complex
• Strata fees a low $2600 PA INCLUDING building insurance
Simply a terrific low maintenance investment option offering good returns and solid potential, these properties are always well regarded and offer good value in the leasing market.
For further information or inspections call Dave 0400 313 566.
Disclaimer:
Crawford Realty makes every effort to ensure the information provided on this property is deemed to be correct at the time of publishing. Any referenced return on investment is a gross return and is approximate. Prospective buyers should view the property before making their decision.
Property features
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Air conditioned
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Carports
1
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Floor area
966m2
Property snapshot by reiwa.com
This property at 7/23 Mclennan Drive, Newman is a three bedroom, one bathroom unit sold by Dave Rowe at Crawford Realty on 24 Jan 2024.
Looking to buy a similar property in the area? View other three bedroom properties for sale in Newman or see other recently sold properties in Newman.
Cost breakdown
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Council rates: $2,200 / year
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Water rates: $730 / year
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Strata fees: $2,600 / quarter
Nearby schools
Newman overview
Newman is a mining company townsite in the Pilbara region, 1184 kilometres northeast of Perth. The townsite was gazetted in 1972 after the Mount Newman Mining company developed a large iron ore mine at Mount Whaleback. The townsite is named after the nearby Mount Newman, a 1055 meter high mountain in the Ophthalmia Range.
Mount Newman was named by the surveyor W F Rudall in 1896, "in honour of our late leader". Newman was Aubrey Woodward Newman, the original leader of the survey party carrying out surveys in the neighbourhood of the Ophthalmia Range in 1896. He contracted typhoid fever at Peak Hill and, too ill to continue, was later returned to Cue where he died on May 24th, 1896.
Newman quick stats
High end
$420k
Median
$329k
Low end
$270k
2.7 %
Annual growth
$329k
Annual median sales price
$685pw
Annual median rental price
