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Sitting Pretty on Top Floor with 8% Gross Rent Return
The top floor position gives you a relaxing leafy green view South towards the Swan River.
- Secure building requiring pass key for access.
- Fourth floor gives an added sense of security plus a peaceful view.
- Only 15 minutes walk to Maylands Train Station, and an even shorter walk to the Swan River.
- Neat and tidy communal laundry to the building.
- Currently rented at $290 per week on a fixed term lease expiring 3/3/2023.
Strata Admin Levies $645.50 per qtr; Strata Reserve Fund Levy $114.60 per qtr; Water Rates $733.65 pa; Council Rates $1,602 pa.
Property features
Property snapshot by reiwa.com
This property at 71/8 Kathleen Avenue, Maylands is a one bedroom, one bathroom apartment sold by Dino Brescacin and Craig Boyanich at Rayner Real Estate on 24 Nov 2022.
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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Council rates: $1,500 / year
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Water rates: $715 / year
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Strata fees: $458 / 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
$990k
Median
$760k
Low end
$589k
6.5 %
Annual growth
$760k
Annual median sales price
$650pw
Annual median rental price
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