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7/7 Midgley Street, Lathlain WA 6100

Sold price: $225,000 Sold: 26 Aug 2021
Sold
  • 1 Bedroom
  • 1 Bathroom
  • 1 Car
Unit
7/7 Midgley Street, Lathlain WA 6100

Invest and Prosper!

Conveniently situated within easy walking distance of stunning Burswood Park, our picturesque Swan River, Crown Towers and its neighbouring casino and entertainment complex, our world-class Optus Stadium, bus stops and even Burswood Train Station, this terrific one-bedroom one-bathroom upper-level apartment doesn't only benefit from a wonderful location in an established and leafy complex, but also doubles as the perfect investment property - or Airbnb short-term rental option - due to its promising income-earning opportunities.

Currently rented until March 2022, the established tenant's gross yield sits around 5.7%, with scope for even stronger returns should you eventually decide to go down the Airbnb path. As for the apartment itself, the interior is light, bright and stylish, with a comfortable kitchen headlining a welcoming open-plan living and dining area that also plays host to a pantry, double sinks, tiled splashbacks, additional over-head storage and a contemporary electric-upright cooker. Space for a potential study nook also complements low-maintenance timber-look flooring for good measure.

An adjacent door introduces a large carpeted master-bedroom suite with a built-in wardrobe and a combined ensuite/laundry - shower, vanity, toilet, washing machine and all you need. Out front, a gated balcony area doubles as the residence's entrance and is the perfect place to sit back, relax, unwind and enjoy the lush outlook from.

At ground level, your own single allocated car bay is neighboured be a designated storage area. There is also room for visitors to park on the other side of the complex's security gate that ensures overall peace of mind.

The unit also finds itself nestled very close to the Causeway, the city, bars and entertainment hotspots, schools, shopping, Perth Airport, Ascot Racecourse and Victoria Park's vibrant café and restaurant strip. It really is close to absolutely everything!

Currently Tenanted Until March 2022 at $250/week.
Ongoing Strata Outgoings estimated at $510/quarter.

Other features include, but are not limited to;

• Secure gated complex
• Split-system air-conditioning
• Feature skirting boards
• Kitchen security screen
• Internal electric hot-water system
• Residence Area - 35sqm (approx.)
• Balcony Area - 18sqm (approx.)
• Car Bay Area - 14sqm (approx.)
• Storage Area - 4sqm (approx.)
• Total Area - 71sqm (approx.)

Disclaimer - Whilst every care has been taken in the preparation of this advertisement, all information supplied by the seller and the seller's agent is provided in good faith. Prospective purchasers are encouraged make their own enquiries to satisfy themselves on all pertinent matters.

Property features

  • Carports 1

Property snapshot by reiwa.com

This property at 7/7 Midgley Street, Lathlain is a one bedroom, one bathroom unit sold by Eon Dyson at Davey Real Estate-North Beach/Padbury/Scarborough on 26 Aug 2021.

Looking to buy a similar property in the area? View other one bedroom properties for sale in Lathlain or see other recently sold properties in Lathlain.

Cost breakdown

  • Water rates: $705 / year

Nearby schools

0.4km
Perth Individual
  • Combined
  • Non-government
0.6km
St Augustine's School
  • Primary
  • Non-government
1.0km
Lathlain Primary School
  • Primary
  • Government
Disclaimer

Lathlain overview

Are you interested in buying, renting or investing in Lathlain? Here at REIWA, we recognise that choosing the right suburb is not an easy choice.

To provide an understanding of the kind of lifestyle Lathlain offers, we've collated all the relevant market information, key facts, demographics and statistics to help you make a confident and informed decision.

Our interactive map allows you to delve deeper into this suburb and locate points of interest like transport, schools and amenities. You can also see median and current sales prices for houses and units, as well as sales activity and growth rates.

Lathlain quick stats

High end $1.2m
Median $990k
Low end $818k
6.5 %
Annual growth
$990k
Annual median sales price
$680pw
Annual median rental price

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FAQ's

The median house price in Lathlain is $990,000, the median unit price is $362,500.

7/7 Midgley Street, Lathlain is a 1 bedroom, 1 bathroom unit.

7/7 Midgley Street, Lathlain sold on 26/8/2021 for $225,000.
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