Sold
7 Ghost Gum Street, Kununurra WA 6743
Listed price: $550,000
Sold: 10 Nov 2024
Sold
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4 Bedrooms
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2 Bathrooms
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2 Cars
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Landsize 603m2
House
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GROH LEASE UNTIL 2026! 8.5% return!!!
Introducing an impressive investment opportunity, nestled in Lakeside Park Estate in Kununurra, WA. This well-appointed four-bedroom, two-bathroom home, built in 2009, offers modern features and ample space - perfect for Corporate/Government tenancies.
Designed with a huge open plan living area, the property offers a massive galley kitchen complete with a separate pantry. Vinyl plank flooring flows throughout the home, giving it a sleek and contemporary look. Cooling is a breeze with ceiling cassette split system air conditioning in the living area and split system air conditioners in all bedrooms. Storage is abundant, with a walk-in robe in the main bedroom and built-in robes in the remaining three bedrooms.
There is also a large double carport offering extra height for taller vehicles. Beautifully landscaped, established gardens surround the property. And so occupants can take full advantage of the Kimberley weather, the outdoor area is perfect for entertaining and includes a built-in kitchenette, making al fresco dining a delight.
The property has been leased to GROH since completion so has enjoyed consistent rental income and is currently returning $900.00 per week with the current lease expiring in 2026. Rent reviews are conducted annually.
Capitalise on this opportunity to secure an investment property with a solid rental history and quality tenant. With strong rental returns and a long lease in place, this could be your easiest investment property! Potential for investors to extend the lease beyond 2026!
Property features
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Carports
2
Property snapshot by reiwa.com
This property at 7 Ghost Gum Street, Kununurra is a four bedroom, two bathroom house sold by Sarah Williams and Brad Williams at Kimberley First National Real Estate on 10 Nov 2024.
Looking to buy a similar property in the area? View other four bedroom properties for sale in Kununurra or see other recently sold properties in Kununurra.
Nearby schools
Kununurra overview
The townsite of Kununurra is located in the Kimberley region in the extreme northeast of the state, 3214 kilometres from Perth. When the Ord River Irrigation scheme was being planned in the 1950s a townsite was included in the proposed development. Amongst other submissions of Aboriginal names put forward for the new townsite being created in the vicinity of the Ord River Dam was "Cununurra", said to mean "black soil" and to be the Aboriginal name for the Ord River according to Mary Durack. A Mr. Lewis of the Public Works Department reported that a soil survey undertaken in 1954 had disclosed that 99 per cent of the land to be irrigated from the dam was composed of "cununurra clay". This name was not favoured by the Postmaster-General's Department because of its similarity to place names in Queensland, New South Wales and South Australia. However, to compromise, that department suggested adopting the spelling, "Kununurra", this version being approved in March 1960. The townsite was gazetted in 1961.
Kununurra quick stats
High end
$583k
Median
$456k
Low end
$350k
7.8 %
Annual growth
$456k
Annual median sales price
$950pw
Annual median rental price
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