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PERFECTLY POSITIONED ON THE PENINSULA
Set on a private leafy street within easy walking distance to South Perth's finest amenities, this ground floor apartment offers a rare opportunity to secure a superb investment at an affordable price, in a prime location!
The property which also boast an undercover car space consists of three double-sized bedrooms with built-in robes, a separate kitchen with plenty of storage, and a spacious open plan living | dining area with solid timber floors throughout that open onto an outdoor patio area surrounded by well-maintained, lush gardens. In addition, the bathroom and separate WC have all been renovated, with an extra shower having also been added to the laundry room.
Whether it's South Perth's riverfront views, Mends Street's plethora of restaurants, cafes and bars, or quick access to the CBD and other attractions such as Perth Zoo, what more could any smart investor or first-time buyer ask for?
DISCLAIMER: The property is being rented out on fixed term tenancy until 8th October 2021 with excellent tenants paying $350pw.
Key features:
• Prime peninsula location
• Well maintained group
• Steady rental income
• Undercover car space for parking
City of South Perth | $1,542 pa
Water Corporation | $975 pa
Strata Levy | $697 qtr
Reserve Fund | $104 qtr
Property features
Property snapshot by reiwa.com
This property at 7/5 Melville Place, South Perth is a three bedroom, two bathroom apartment sold by Kyle Moran at Bourkes on 18 Jun 2021.
Looking to buy a similar property in the area? View other three bedroom properties for sale in South Perth or see other recently sold properties in South Perth.
Cost breakdown
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Council rates: $1,542 / year
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Water rates: $975 / year
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Strata fees: $697 / quarter
Nearby schools
South Perth overview
Envied for its beautiful riverside positioning, South Perth's affluent lifestyle provides breathtaking views from numerous vantage points within its five square kilometre land area. The established suburb has a commercial area within its boundaries, as well as significant parkland sections along the foreshore.
Life in South Perth
South Perth is rife with places to visit as well as restaurants, reserves and gardens, with perhaps its most notable feature being the Perth Zoo. Among its numerous dining establishments, Coco's on the foreshore is the most exclusive and takes full advantage of the gorgeous surrounding river views. The Windsor Hotel, Bar & Restaurant is a popular fixture of the suburb as is the Royal Perth Golf Club.
South Perth quick stats
High end
$3.0m
Median
$2.3m
Low end
$1.8m
17.4 %
Annual growth
$2.3m
Annual median sales price
$897pw
Annual median rental price
